It's a reference to a Bugs Bunny cartoon called "Abominable Snow Bunny", in which a Yeti takes a fancy to Daffy Duck. "And I will love him, and cuddle him, and call him George."
Squishy is another good movie reference, from "Finding Nemo": "I shall call him Squishy, and he shall be mine, and he shall be my Squishy."
Or you could just be completely random and call him The Wombat of Love.
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