I mean.. not really? I get the meme but there are a ton of merit badges you can do sitting in your room. I was a scout 15-20 years ago, I remember going through my handbook and doing all of the badges I was able to without going anywhere or buying anything in one weekend and asking my leader for like 15 badges the next day.
Though I may have to correct myself, I think these were belt loops I was earning at this point, I don't remember the difference (I think the fancy sash comes a little later, at which point.. maybe my comment was unnecessary.)