Brainteaser 1557: An alphabetical jigsaw

From The Sunday Times, 12th July 1992 [link]

I have some jigsaw pieces which fit together to form a 5-by-5 square with the letters all the right way up. Here is an attempt to make the jigsaw:

The attempt has failed because the last piece does not fit the right way up. In fact it is possible to make the 5-by-5 jigsaw so that the 25 different letters spell six words in reading order.

What is this arrangement?

This puzzle was selected for the book Brainteasers (2002, edited by Victor Bryant). The wording above is taken from the book, but is only slightly changed from the original puzzle.