I could see why you would call it that...although I haven't ever heard of it as that... Hacky Sack Action Saction...
It will make a come back, plus the comment referring to it as 'Saction' was made in the early 90s when it was super duper cool, so its not TOO passe in the right context.
I like hackey sack too. It's really fun. At my old job a group of about eight to ten of us would play on breaks and lunch and everyone was pretty good so the game would actually flow. Lots of fun. I miss hackey sack.