Their own "definition" from Tower Power:
Chaotic
Acid
Minds with
Extremely
Lousy and
Overgeared
Thoughts.
(This is most likely an "unofficial" etymology. =)
A Danish demo group that makes really cool demos for Commodore 64, the Once and Future Computer. One of the "great names" of the C64 demoscene.
Apparently the page that redirects from http://www.camelot.c64.org/ is dead. (They said they needed to test the infamous rm * command... =) The demos are available from your nearest scene FTP site (ftp.funet.fi is a good choice).