The notion of highly structured ring spectra of prime characteristic is made precise and is studied via the versal examples S//p for prime numbers p. These can be realized as Thom spectra, and therefore relate to other Thom spectra such as the unoriented bordism spectrum MO. We compute the Hochschild and André-Quillen invariants of the S//p. Among other applications, we show that S//p is not a commutative algebra over the Eilenberg-Mac Lane spectrum HF p , although the converse is clearly true, and that MO is not a polynomial algebra over S//2.