I wanted something short and memorable. If you know where to look you’ll find that it’s the last word before Bobbing Wide. And Bobbing Wide is the company that produces oik-plugins.
oik is a backronym; the letters in the word OIK defining the letters in the acronym.
In time oik MAY become a recursive acronym: OIK Information Kit.
For more information see Rethinking the Bobbing Wide API plugin name.