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OFFICIAL HISTORY
The Web site started out as "Jerry's Guide to the World Wide Web" but eventually received a new moniker with the help of a dictionary. The name Yahoo! is an acronym for "Yet Another Hierarchical Officious Oracle," but Filo and Yang insist they selected the name because they liked the general definition of a yahoo: "rude, unsophisticated, uncouth." Yahoo! itself first resided on Yang's student workstation, "Akebono," while the software was lodged on Filo's computer, "Konishiki" - both named after legendary sumo wrestlers.
And the word "yahoo" was coined by Jonathan Swift as one of the groups encountered in "Gulliver's Travels" (the 1996 miniseries with Ted Danson was quite good BTW).
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