The pingback feature of Wordpress (2.1.3) allows DDOS attacks either against the server hosting wordpress or against a third one.
When a client sends a pingback, wordpress calls "wp_remote_fopen" to download the referring URL. On servers having "allow_url_fopen" activated, this function will try to download the /whole/ URL without any timeout or size limit. (except those set in php.ini, which will usually lead to a ~8MB download)
So if you post ~100 xmlrpc requests referring to a /huge/ file, every server meeting those prerequisites should effectively be down (for a while). You should at least be able to generate lots of traffic.
On the other hand, if you google for blogs and post the same URL to each of 'em, the target server should be DDOSed.
I suggest allowing pingbacks only if the connection was opened from the host mentioned in the source URL.
I'll attach a demo exploit (I didn't test it for the entered URL; it worked for a local installation.)