The former head of a British bank that collapsed during the financial crisis, has offered to hand back his knighthood following a scathing parliamentary report.
Just like with MacGregor's fake knighthood in 1810, no-one questioned his absurd new title. To understand why, you have to remember when this story is set.
Queen Elizabeth's more public duties include presenting medals, issuing knighthoods, and presiding over many ceremonies that take place in a society that still has a Queen.
However, because knighthood was also a privilege for selected individuals, there was still a rather distinct separation between these heroes, and most of the people enjoying their stories.