The Blessed Outer Principality of The New Chicken Shed

If I had a micronation, I would give it the most mega-awesome name ever. Possibly affiliating it with some bogus or lame celebrity character.

Jazzy Jeff and The Fresh Kingdom
Bogantown
The Holdings of HRH Princess Chesty LaRue
Ice-T Republic
The Slurms Mackenzie Empire
Coronationville
Death Island

List of micronations
Micronations.net
Real estate agency that will sell you your own private island

Note: there is a guy out there called Dennis Hope who claims to own the moon.
He would be great to get round for a party.