The "Mayday Mystery" has been in existence since the early 1980's. As far as we know anyway, there might be more to it than that, but very strange cryptic messages have been printed in a campus run newspaper in Arizona since at least the early 1980's. It's all very confusing with its uses of code, different languages and mathematical equations mixed with religious iconography and biblical verses.
I don't think it means anything though, or at least, it's not pointing to any larger conspiracy. It seems to me this is some sort of Discordian cabal having a bit of fun. Odds are he/she/they were alumni of the university and use the school paper as a form of communication, even with the advent of new ways of communication; I feel sticking with a niche thing like a school paper is a very Discodian choice to make, it's an fun and cost effective way to bewilder people. To me, these messages are simply bulldada.
That's just what I think though, I may very well be wrong. Whoever is behind the Mayday Mystery sure seems to be having fun with it though; if you look at the archival stuff on maydaymystery.org you can see how ornate and more complex the messages become. It's pretty wild.
Blameitonjorge has a wonderful video on the Mayday Mystery. He's circled around bulldada before; in a previous video he talked about a series of websites that use SubGenius iconography. Jorge may eventually find "Bob", or maybe even Eris. I wonder what he'll think.