How can play this bad be rewarded?

[Boobie Lover]

Well, at least in the first hand he had 24% equity. Here's a recent hand that sent me out of the first hand of a tourney.

POKERSTARS GAME #4079167810: TOURNAMENT #20270693, HOLD'EM NO LIMIT - LEVEL I (10/20) - 2006/02/24 - 01:25:47 (ET)
Table '20270693 2' Seat #1 is the button
Seat 1: Sevyn AM (1500 in chips)
Seat 2: Boobie Lover (1500 in chips)
Seat 3: Venom007 (1500 in chips)
Seat 4: salmonmanak (1500 in chips)
Seat 5: Big Diamond (1500 in chips)
Seat 6: HDbeater (1500 in chips)
Seat 7: TJBoy (1500 in chips)
Seat 8: Susp3nc3 (1500 in chips)
Seat 9: gberg1104 (1500 in chips)
Boobie Lover: posts small blind 10
Venom007: posts big blind 20
*** HOLE CARDS ***
Dealt to Boobie Lover [Kc Ks]
salmonmanak: folds
Big Diamond: folds
HDbeater: folds
TJBoy: raises 20 to 40
Susp3nc3: raises 20 to 60
gberg1104: folds
Sevyn AM: folds
Boobie Lover: raises 240 to 300
Venom007: calls 280
TJBoy: folds
Susp3nc3: calls 240
*** FLOP *** [Js Ts 4s]
Boobie Lover: bets 1200 and is all-in
Venom007: calls 1200 and is all-in
Susp3nc3: folds
*** TURN *** [Js Ts 4s] [Td]
*** RIVER *** [Js Ts 4s Td] [Jh]
*** SHOW DOWN ***
Boobie Lover: shows [Kc Ks] (two pair, Kings and Jacks)
Venom007: shows [Ac Jd] (a full house, Jacks full of Tens)
Venom007 collected 3340 from pot
*** SUMMARY ***
Total pot 3340 | Rake 0
Board [Js Ts 4s Td Jh]
Seat 1: Sevyn AM (button) folded before Flop (didn't bet)
Seat 2: Boobie Lover (small blind) showed [Kc Ks] and lost with two pair, Kings and Jacks
Seat 3: Venom007 (big blind) showed [Ac Jd] and won (3340) with a full house, Jacks full of Tens
Seat 4: salmonmanak folded before Flop (didn't bet)
Seat 5: Big Diamond folded before Flop (didn't bet)
Seat 6: HDbeater folded before Flop (didn't bet)
Seat 7: TJBoy folded before Flop
Seat 8: Susp3nc3 folded on the Flop
Seat 9: gberg1104 folded before Flop (didn't bet)