I think most of the 1980's Hair Bands had some stupid/aweful names (not all) take your pick:
How are those any worse than current band names? Nickelback, Maroon 5, Black Eyed Peas, Alabama Shakes, Little Big Town, Mindless Behavior, Of Monsters and Men, The Black Keys, The White Stripes, Kid Rock, Wavves, etc.
Or bands in the 50's? The Du Droppers, The Moonglows, The Larks, Frankie Lymon and the Teenagers, Rhythm Orchids, etc.
I'm not defending the hair bands, just pointing out that there has always been bands with bad names. And for the 80's, we can't forget the non-hair bands with stupid names - Pet Shop Boys, Beastie Boys, INXS, Salt-N-Pepa, The Bangles, Tears for Fears, Spandau Ballet, etc.