Band names dont need to mean anything. Just something that sounds cool/unique/weird etc. Some of the best band names ever where nonsensical, or had no real meaning.
I'm not saying it has to mean something, but it should atleast reflect the band members in some way or the other.
For example the Red Jumpsuit Apparatus... They got their name by putting random words up on a wall, then throwing darts at it, naming themselves after the words they hit. Sure their name is meaningless, but that's a pretty unique way of naming your band.