Mythical being, related to the Bigfoot and Yetti that comes into your car, house or office and pees in your coffee, and than sods off again without ever being seen. Believed to originate from Seattle. Coffee spiked by a Pequod is also referred to as Pequod.
Howard wanted to sell paper cups with pee-quod, but Terry Heckler thought it was a shite name that made him think of piss, thus the name Pequod was rejected. Howard took a piss in a paper cup and thought "What would Starbucks do?" and came up with the name for his coffee house.