The reason for this is the simple fact that the lake is radioactive. The support to this claim lies in the existence of the two-headed frog, or the three feet on the two legged goose. This does not come as a shock, considering that the majority of the town was built on toxic waste dump sites, and hopefully we all know where the drainage goes to; through streets, into streams, eventually into lakes, and then on. The New Egypt well system and water supply will not be further commented on.
The name is derived from a deal made a long time ago that no one really cares about. Basically, New Egypt was New Egypt, someone wanted it changed to Oakford, and in exchange they would pave our roads or something. The guy did not hold the deal through for some reason or another, but our lake stayed Oakford lake and our town went back to New Egypt. Regardless of this, it is also commonly called "New Egypt Lake".
It is a popular rendezvous site for Middle and High School students to do nothing of importance, and for pot deals to be conducted as well.