the rumor- because higher frequencies vibrate the eardrum faster, they will do more damage than a lower frequency at the same volume. in other words, a tone at 9000Hz @150dB will be more damaging than a tone one octave down at 4500Hz @150dB. while it makes sense to me, i have never seen actual proof to back it up. so, until i see some evidence, it will be a rumor to me.
and since i seem to be one of the "older" audiophiles (im 28), ill go ahead and tell you all what you dont want to hear. you are gonna have bad hearing, period. i already have sustained permanent hearing damage from past car audio, and my loudest system EVER only hit a 141. prepare now. i never listened to my system cranked for extended periods, but i never had earplugs either.
nothing wrong with going as loud as you can, and God knows i love 1/0 guage cable and a pair of Optima's. but please, be careful. saying "huh?" all the time really sucks. take it from someone who's "been there, done that".