Why are these called 5 way binding posts? I count four!

I'd call it 3 way, bare wire, (in a hole or wrapped around) are the same damn thing really.

I'd call it 3 way, bare wire, (in a hole or wrapped around) are the same damn thing really.

Not the same if the hole is missing....

Anything more than a 3-way I'm too old for.

Pretty sure the post is just bragging about its abilities. 

Is Skyline Chili involved in this?

Bare wire, pin, spade, banana and diced onion?