supposedly it's named after the peyote preserves concocted by one of their batty old aunts. Others theorize that, like 10cc and the Lovin' Spoonful, it is a euphemism for male ejaculate.
I suspect a mixture of the two. (by that I mean a mixture of the two theories...not a mixture of hallucinogenic cactus marmalade and man spunk.)
― Lord Custos Epsilon (Lord Custos Epsilon), Friday, 11 July 2003 18:12 (twenty-two years ago)