I have to assume the name is on purpose and Dan Fox (the author) thinks it is clever.
While the cleverness of the name is debatable (likely depending partially on how old you are), the name basically guarantees that a large portion of the population won't take this project seriously. I'm very liberal and far from a prude and the name just makes me eye-roll/groan and assume the worst about the maturity of the project owner.
Save the clever names for bands. If you want your work to be taken seriously in a computer security context, come up with something less likely to make an 8th grader snicker.