Freshman's dream
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The freshman's dream is a name sometimes given to the error (x + y)n = xn + yn, which is commonly made among beginning students. When n = 2, it is easy to see why this is incorrect: (x + y)2 can be correctly computed by FOILing as x2 + 2xy + y2. For larger values of n, the correct result is given by the binomial theorem.
The name is also sometimes given to the theorem that says that (x + y)p = xp + yp if x and y are members of a field of characteristic p; in this case, the "mistake" actually gives the correct result.