2. An award given to President Barack Obama based on his first 17 days in office. The nomination deadline for the prize was 17 days after he took office.
3. An award given the President Barack Obama on the basis of the "hope" he inspires and what he "might" do while President.
In the more enlightened recent age, thankfully, this unfair requirement no longer exists. One merely needs to be able to TALK about doing good things, at length and with great charisma. Whether you actually follow through on your promises is no longer relevant. 2009's prize being awarded to Barack Obama is a huge step in this direction.
At the rate things are going, by 2015 we can expect to see the Nobel Peace Prize being awarded to the first player to collect Pacific Avenue, North Carolina Avenue, and Pacific Avenue in the McDonald's Monopoly sweepstakes. This is truly a great time to be alive.