Silly RedHat Lies 
Consider these silly stories, swiped from the 7.3 installer:
- RedHat was named because the founder used to wear a red baseball hat while he was in college. He was so good at fixing computers, that people started asking for 'the guy in the red hat'.
- RedHat was named because the founder was so desperate for a name he started pointing at items at random. He happened upon a red university hat given to him by his grandfather.
- RedHat was named to reflect the historical fact that red hats were symbols of freedom and revolution.
Yeah, and they are all true. Really.