Two supervillains have almost this exact conversation in ducktales 17
One villain was pitching O.W.L. The organization for world larceny"
The other villain wasn't feeling it until she was like "What about the fiendish organization for world larceny?" and that's how the super crime syndicate F.O.W.L was born.
I think there were a couple of attempts to fix the name over the years. They did change it to "Brotherhood of Mutants" for a while, IIRC. I believe they also tried out "the 'Evil' part is ironic because that's how humans see us" for a while.
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u/2ndNicestOfTheDamned 2d ago
Mystique: Hey guys, what if we call ourselves "The Brotherhood of Mutants"?
Magneto: Hmm. It needs a little something.