What is the meaning of the word 'mylot'?Why did they picked this name for this ?

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This question is drimbling in my mind for the couple of days.I have been thinking about the reason of nameing this site as 'mylot'.Why did they choose this name?And what is the meaning of the word'mylot' ?Do you have any idea?If you tell me yours. then I'll describe my guesses one by one here in the future response.Tell me what do you think?