Fuduntu Pronounciation: [fuhduhntoo]
Fuduntu is a fusion of the names Fedora and Ubuntu.
Fedora - F and D from Fedora
Ubuntu - U and UNTU from Ubuntu
The name is a pun, intended to be fun, and funny, while implying that the distribution fits in-between Fedora and Ubuntu. The fun uses of the name mean that it is successful, so go ahead, have fun with it!
Just what this pun that you speak of!
noun, verb, punned, pun·ning.
1. the humorous use of a word or phrase so as to emphasize or suggest its different meanings or applications, or the use of words that are alike or nearly alike in sound but different in meaning; a play on words.
Fuduntu has a punny name, but it is a serious distro.