So, we have had this: http://lucumr.pocoo.org/2009/3/1/the-1000-speedup-or-the-stdlib-sucks. It demonstrates a rather bad bug that is probably costing the universe a load of cycles even as we speak. It's fixed now, which is great.
So what parts of the standard library have you noticed to be evil?
I would expect all the responsible people to match up an answer with a bug report (if suitable) and a patch (if superman).