Originally Posted by Oneworldplus2

Because a small bunch of FF's had a piss up at the BNE QC (years ago, Serfty's link above) and decided to call it that, and now we are stuck with it.

Originally Posted by og

I am sure attendees would recall that it was a formal meeting - with an agenda, matters for discussion, general business and other matters as deemed appropriate at the time. Abbreviations for status levels being just one of the matters discussed.

Other QP attendees respected our presence and meeting formalities by giving us as much space as we needed - and then giving us more space as our deliberations continued until the last flight home.