Ok, I'll give it a go.
Bacon = Strips = IMG PowerVR processes in strips of pixels. Obvious.
Cake = Layers or stacks(pancakes) = Stack of PowerVR chips.
Pie = Filled with fruit = Apple Pie = Apple
Brown Sauce = Tough = Google = HP Sauce = High Performance (HP) = console = Aha!
So there you go, A high performanced, stacked, PowerVR chip for an Apple console!!
Now I'm hungry.
http://forum.beyond3d.com/showpost.php?p=1603023&postcount=28