Best naming scheme I ever saw was at Harbinger in the late nineties. They used the periodic system. The last octet of the IP address corresponded to the atomic number, and you could use the full element name, or the abbreviation. So carbon.harbinger.com was x.x.x.6 and c.harbinger.com was a CNAME to carbon. oxygen or o was .8 etcetera.
No wonder helium was mostly hanging ...
Sorry, could not resist. It is a clever naming scheme. At one site a client used names from The Three Stooges, then they got the 6th server (exhausting the list of the lead characters).