Some of the names don't relate directly to the effect they are attached to, but I personally like that. It is an artistic choice that allows the effect to define the name, rather than the name to define the effect (just like Theory 11 is defined by what we as a group do, not by what it's called - thatnewonlinemagicsite.com).
Take Panic, for example. The name does mean something (it's in reference to one of Aaron Fisher's favorite groups, Widespread Panic), so it's not just an arbitrary word. Calling it "Panic" and not "Vanishing Deck" also allows for an instant distinction between it and other vanishing deck effects. Since the effect defines the name, there isn't a need to explain which version of the vanishing deck you're doing / we're releasing / etc. Panic is Aaron Fisher's version. It keeps things easier to follow, means something to the creator, and I personally like it as an artistic choice. You may still think it sucks, but you can blame that on Aaron and his taste in music. See? See, how I shifted all of the blame over to you Aaron? That wasn't very nice of me.
Dana