A friend of mine gave me a picture which is a riddle. The only clue he gave me is that the answer contain 8 letters. He said nothing else! My brain hurts, please help if you can. I have been sitting hours, trying to edit and enhance the picture, but of no use. Try to solve, and I will be forever greatful! Remeber, the answer got 8 letters!
Here is the picture: http://i.imgur.com/7aq3Em4.png