I love, love, love Monty Python. Very little in the world makes me laugh this much. I tried to find out where the name Monty Python came from, but all I found was a rambling story that seemed to come from nowhere and wasn't very interesting. I did find that the Flying Circus comes from an internal BBC memo where they called the comedy team that in reference to the Red Baron's Flying Circus. Apparently BBC management felt that the act was destined to be something of a disaster. I guess they all later went to work for the Fox Network.
Yet another cool thing about Monty Python is they put all their episodes on the Youtube Monty Python channel, so you can watch all the episodes free whenever you want.