Actually, the name "Blue Angel" came from my old CB Radio Handle (I can hear the younger set saying, "What's a CB?). During college, I had a second-hand BLUE 1967 Mustang (no, I'm not THAT old!) and thought up the name after seeing a Blue Angels airshow.
BTW, I still have the Mustang, restored it, and now it's red! It's become my "keep it in the garage and drive it only on nice days" car.