I was wondering this myself (sorry to bump a year old thread)...
I've come to the conclusion that the indi musicians, growing up in our generation, figure that a really long, obscure phrase for a band name ensures that when people google them, you get to their myspace.
Think about it, if I were to name a band "The Wasps", how many results would google pull up for that? A ton.
Now if my name was "One story in Cherryville", I'd get for or five google pages dedicated to me.
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