Experience is the name ...

About this quote by Oscar Wilde:

Experience is the name everyone gives to their mistakes

I thought it had an interesting language twist to it. Although the apparent interpretation suggests that everyone is hiding their mistakes behind the word "experience", there is another way of looking at it:

Experience is the name everyone gives to their mistakes

so that it means that everyone finds a name for their mistakes, and that name becomes the experience. Thus by picking good or bad word for referring to their mistakes, everyone can totally change the way they perceive their experience.