I think I saw a Von Gaylord amp at CES last year. It was a tube amp that utilized big transmitting tubes, like a 211. The output tubes were encased in glass or plexiglass that was filled with WATER. You could see the heat causing ripples in the column of water above the tube. It was powering something like Legacy speakers -- the sound of the system was okay, but nothing special.
In short, the name is hardly the weirdest thing about this product.