How to get 500 links?

MoreMerchant.com has came out with a suggestion on how to get extra 500 links to your blog in order to boost up your Pagerank.

Method:
Take this list below and post it on your site adding your name to the bottom. Nothing new here. Just a link list that is like chain mail.

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Step 1:

Start highlighting here
Derek Semmler
Make more Money and Save more Money
Cell Phones
John Chow
Binding Machines
Windshield replacement
Problogger
Music Reviews
My E-Commerce
Stop highlighting here

Step 2:
Paste the list on your blog post and recommend others do just the same. Add your link to the bottom and there you go. If you do this and 3 of your blog readers do this, and so forth, overnight you can well over 500 links to your site.

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Do you think this method will work? Based on the logical thinking, it may work if our readers did exactly as the 2 steps mentioned. In my opinion, I'm not sure whether it may or may not be working. Why not give it a try and see which direction that it will go. Anyway, this is an application of how viral marketing being used to promote a website or blog.