P.A.G.S. What is it? Mystery Cache

This cache was put out for the P.A.G.S. New Years Eve Party on December 31, 2014. Each Geocaching team was given an early cache to be first to find before they were published on January 1st.

P.A.G.S. (Plainfield Area Geocaching Society) consists of Hiken, RDC4106 and Boomerbear. We try to hide creative caches whether it is containers or locations. They might be simple or somewhat evil, but hopefully, will provide a laugh and a smiley along the way.

What has

Two klrsooe

Two hkrsooe

Four nwdo drsstnae

       &

One sswhi tbaou?_ _ _

How does McDonald spell it?_ _ _ _ _ 

answer = _ _ _& _ _ _ _ _ 

A is the first letter of answer. B is the second letter of answer. C is third letter of answer.etc

N 43° 08.(A-0)-(B-11)-(C-23)  W 085° 33.(D-2)-(E-5)-(F-1)

You can check your answers for this puzzle on GeoChecker.com.