Got to talking about this last night and decided to do a search to see if I could find a PAAOT.
Don't know if this is the same one, but several years ago a guy that I worked for told us he ran into a guy (don't really know where) who was a bicycle manufacturer's rep. Story goes that he had sold a bunch of bicycles to some bicycle shop that went out of business before the shipment was ready to go. The guy I worked for said he would purchase the lot (at a discounted price) if he could name the bicycles. Because they were still in the process of being built, the salesman agreed and the sale was completed.
The name my boss chose was, you guessed it, PAAOT. An acronym for "Peddle A** All Over Town.