Yes, that is what they call it. No, not sure why. Although, it would seem that Crumpler has many much weirder names for their bags. They have a bag called the “Dreadful Embarrassment”. No, really.
I bought one of these today. The “Seven Million Dollar Home“:
I’ve been using a Lowepro bag for the last few years. Its a great bag, but I bought it when I had just one lens for my camera. On short jaunts not far from the car I’m tired of putting it down and trying to flip it open to get my camera out each time I want to use it. The Crumpler should be much nicer for that sort of thing.