In September of 2009 the site got hacked, the name was never released of who.ThatGuy (Owner at the time) handed the site down to Chrustler after that mess because he didn't want to take the time to restore it (LAZY ASSHOLE). A small circle of members abandoned the board to another one, which was a failure from the beginning.
The word's creation came from GaiaOnline, which people has a fondness for games, and always asking questions about obscure games. If not known, it's Battletoads/Fighting Amphibians/Combat Frogs.
The word has gotten popular that the GaiaOnline users has created a website called http://www.fightingamphibians.com
It's Fighting Amphibians LOL!