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The demo group was probably named after the synth (sampler) tho...

According to Wikipedia: "The name was taken from the Fairlight CMI synthesizer which Strider saw Jean-Michel Jarre use on some of his records" - sadly without source.

Ditto, I could almost hear the cracktro chiptunes.

8" disks predate chip tunes (clack clack brrrrr smack)

For people not familiar, it's a synthesizer that has a really rich user interface from the late 70s

Example: https://en.m.wikipedia.org/wiki/Fairlight_CMI