The Internet is spectacular at ruining our childhood memories, and this is no exception.  The latest revelation?  CAP'N CRUNCH isn't really a captain.

Someone noticed that the Cap'n only has three stripes on his sleeves, not four.  Three stripes on the sleeve mean you're a commander in the U.S. Navy, not a captain.  Four stripes mean you're a captain.

 

 

There's some speculation that he was modeled after a French naval captain . . . which is called a capitaine de frégate . . . who would only have three stripes.  But why would Cap'n Crunch be French?  Makes no sense, man.