Turns out the story isn't nearly so long. When I was in high school, I was still really heavy into becoming a writer. So I thought I'd get together with Big Ron (my electrician-poet friend) and we'd start a small press - a literary journal. Seeing as how "Penny-Dreadful" was already taken, we went to the library to look up some interesting words for the journal's name. I found the Greek prefix "disco-", which, according to the dictionary I had then, meant " a combination of established forms into a new form." We chose flamingos because a flamingo has no natural defenses, turns pink from beta-carotene, can stand on one leg for a day at a time, and is kind of like a Japanaese crane for America. Hence, Discoflamingo.
I have never found that definition again. And most people assume that "disco" is a 70's reference (Which it isn't. I hated the 70's). Don't worry, it doesn't have to make sense to you - it makes plenty of sense to me. The rest, as they say, is history.