I guess I've just read too much Dave Barry, because I'm constantly saying "That would make a great band name." Unfortunately I can't currently remember any of the prospective band names I've said it about.
My boss told me he went to hear a group called Atomic Kitten and he was expecting riot grrls, but they were playing ballads and stuff. I expressed the opinion that any band that has "atomic" in its name should have a lot of explosions or your money back.