Flaming Bread
Vicious Egg Revolutionaries
Accidental Goat Sodomy… Oh wait, that’s a real band!
Two band names I remember hearing about about 10 years ago:
Velvet Elvis
Throbbing Gristle
I used to listen to X - always thought that was a pretty cool name for a band.
But I’d have to say, if I were a musician and starting a band (especially a metal/punk band), I’d steal the name Kuru. Friend of a friend who was a doctor played in a punk band for a while used the name for his group.
this one is wierd:
Butthole Surfers
There’s a little band rolling around L.A. called Flogging Molly. Considering my best friend’s name is Molly, I get a kick out of seeing that in the paper now and again.
As I was in high school/college, I had several friends in bands, few of which had interesting names:
**Bedlam
The Dancing Janitors
Joker Pickle Reaction
Quaker Oats Men
Projectile Vomit
The Sideshow Bobs
Suburban Rythym Method
**
I always thought if I ever had a band, I’d call it mudlucious.
In a thread on original sin, someone
posted that Mary was an “Eternal Virgin.”
If that ain’t a name for a band, I don’t
know what is.
When I make my band it will be called… (Which will be formed just as soon as my friend learns those pesky drums 
)
Makeshift
My friend likes “Grooved Pavement” 
In High School I wanted to form… Rubber (Get it… we’d be the Rubber Band.)
For awhile I was all about “Total Darkness”.
My favorite bad band name-- I read in the newspaper up here once… “Full Throttle Aristotle”
Screeme
Silicon Crustacean
Free Beer. Print that in the paper and you’re guaranteed crowds. Just make sure there’s a cover since many will hate you and walk out in disgust. Also, if you opened for Barenaked Ladies, you’d have an even bigger crowd.
Real bands started by my friends (I was never coordinated enough to play an instrument):
The So-Called
10,000 HamsterPower
20-Watt Shed–named in honor of the diminutive amp they used at their first gig
[useless trivia] In high school, Chevy Chase (of SNL and Vacation fame) was in what he called “a bad blues band”. That band later became famous as Steely Dan…without Chevy. [/trivia]
Here are some ideas from the food groups:
Neckbone
Chinese Food
Applesauce and Hominy Grits
Iron Stomach
Asparinach
Hey Chief I like the Butthole Surfers!
I have one friend with Whatever Blues Band and they are damn good.
One friend with the Sugar Nipples and they are good also.
Dated a guy in a band called Preapism.
Emergency Evacuation
Eunichs for Dummies
Alcoholocaust
Whiskey Chug
Beri-beri Kool-Aid
Colon Blow
Armaghetto
Force of July
New Years Grieve
Rhino Rod Munch
Wrinkle and the Paradox
Mother Mayhem
A.C.R.O.N.Y.M.
Dialysis Pop Tops
Hmm… it occurs to me that a lot of urban legends would make cool band names:
Virus Attachment
Breaking the Chain
Supermarket Abductee
Satan’s Soapmaker
The Bedbug Letter
Baby Train
Choking Doberman
Wow. Snopes could be an untapped source for band names 
Maybe it has been used by a band already–but I have always thought that “The Four Skins” would be a good band name.
Yep, the Fourskins was a UK punk band and also the name Motley Crue used when they did secret gigs a while back.
Funny (real) band names I always liked:
The Eves of Destruction
Alcoholiday
Hellacopters
REO Speedealer
Cat Butt
Just remembered as soon as I hit the submit button that a friend (formerly of the aforementioned Eves of Destruction) has just formed a Metal band and they were trying to come up with a name. I suggested going with a classic Atari theme (Yeah, I know there’s already an Atari Teenage Riot) for their name and songs. They could call themselves something like Major Havoc or Tempest. ‘Breakout’ and ‘Defender’ are good all-around cheesy titles. ‘Star Raiders’, ‘Missile Command’ and ‘Battlezone’ could be for the obligatory war-related songs. ‘Quest for the Rings’ and ‘Castle Wolfenstein’ would work for their big Power Metal concept album. ‘Pole Position’ ‘Home Run’ and ‘Night Driver’ could be for the raunchy stuff. ‘Pitfall’ and ‘Kaboom!’ could be about wince Love Gone Bad, or uh, something. 
Anyway, we went on about it for quite some time and it got way silly, sort of like this post has become!
Ambidextrous Masturbator
Inspired by a comment in this thread
This one came to me out of the blue a few months ago: The Angry Tortoises. However when my friend and I formed a band a few weeks ago (expect our major label debut any day now) we opted for Parallel Crossroads. It’s got that kinda ‘makes ya think’ feeling to it.
Fourway Anal Touchfight
Iron Prostate
Both real bands. Although Iron Prostate broke up. So to speak.
Ummm there is a band where I live called “To Punk 4 a Name”…hmmm.
capacitor wrote:
And let me just say that “The Food Groups” would also make a good name for a band.
One real-life band name I saw advertised in Berkeley, CA when I was about 8 years old: “The Toe Jam Band.”