  The notion of highly structured ring spectra of prime characteristic is made
precise and is studied via the versal examples S//p for prime numbers p. These
can be realized as Thom spectra, and therefore relate to other Thom spectra
such as the unoriented bordism spectrum MO. We compute the Hochschild and
Andr\'e-Quillen invariants of the S//p. Among other applications, we show that
S//p is not a commutative algebra over the Eilenberg-Mac Lane spectrum HF_p,
although the converse is clearly true, and that MO is not a polynomial algebra
over S//2.
