Domain name squatters hold a special place in society. Love them or hate them, most of our resentment lies in the idea that we never first thought of registering a popular name in those early gold rush days of the tech revolution. Its little consolation that who could have foreseen the popularity of names like Facebook, Google, Wikipedia, and the Tea Party! Yes.. the Teaparty.

The American political movement is generally recognized for its conservative and libertarian ideals, and sponsoring numerous protests and political candidates. The term Tea party became synonymous with an earlier revolt of tea sipping Americans in 1773 (before there was an America and American Beer), and the modern day version hopes to capatilize and fan the flames of their ancestors success.

Speaking of capatilizing, the Canadian rock band “The Tea Party” could see its biggest residual payment since its 1990s heyday if it cashes in on U.S. political interest in its website. The Windsor, Ontario based band, best known for its song Heaven Coming Down (its on you-tube) holds the rights to the teaparty.com web domain, which some say could be worth more than $1 million.

Currently, the site acknowledges the confusion between the band and the U.S. conservative movement on its front page: "No politics . just Rock and Roll." The website is hosted by BlueHost

Warren Adelman, president of GoDaddy told Bloomberg BusinessWeek “Barack Obama raised $500 million online. If you look at the money being talked about this time around - campaigns raising $1 billion - it's easy to expect teaparty.com to go for well over $1 million." Then others would say that people sometimes overestimate just how valuable things can be. It's only worth what someone is willing to pay for it.

Tea Party bassist Stuart Chatwood told BusinessWeek that since their own beliefs are at odds with the movement it “would be ideal to sell the domain to an opponent of Tea Party politics”.

Should the Tea Party worry about an opponent willing to pony up with a higher bid?

Maybe if they consider the dilemma faced by Netflix. 

Neflix changed the name of its DVD mailing service to "Qwikster" this past week, and while the company snagged the domain names correctly, it apparently forgot to consider social media giant Twitter. Jason Castillo has been happily tweeting with @Qwikster for months and hasn't mentioned Netflix once. A quick glance at Jason tweets suggest a fixation with sex, smoking drugs, and the shock value of vulgar statements!

The Political Tea Party of America may want to take notice as there was also a Tea Party in Alice's Adventures in Wonderland ... attended by the Mad Hatter