The name comes from feather to signify lightness ('light as a feather'). It's supposed to be lighter than litecoin.
You are awesome for pointing that out, didn't cross my mind!
Great information.
Cheers guys
Spread the info on if you see someone else wondering some other day!It's just Litecoin with 4x the amount of coins that will end up being generated. Unless there is something else major that differentiates it from the rest of the alts, I can't see it lasting. I mean, Bytecoin barely seems to get a mention at the moment. 
People stopped mining Bytecoin because an ASIC started mega mining it, which caused the difficulty to jump to an absurdly high level and then the ASIC left the network, leaving the difficulty sky high for weeks.