In the dub of Gundam Unicorn Episode 3, "The Ghost of Laplace", Full Frontal says
Universal Century is approaching its hundredth year. The U.C. Project was aptly named, indeed.
at about 19:50.
The only source I could find describing the U.C. Project itself if this Wiki entry: http://gundam.wikia.com/wiki/UC_Project. This describes the project as an Earth Federation effort to upgrade the military following the events of Char's Counterattack. According to this source, the Unicorn Gundam is the primary product of the U.C. Project, which is in line with my understanding of the project. Char's Counterattack takes place in 0093 U.C., and since Unicorn takes place in 0096 U.C., the U.C. Project would only be 2 or 3 years old at most.
So what did he mean? Why is it "aptly named"?