I’ve always been of the belief that it was intended as GodAddy but the owner backed off of this as it seemed too egotistical, narcissistic, or blasphemous.
You obviously don't know Bob Parsons that started godaddy, he was very much all of those things. I had the joys of working with the lunatic at godaddy as an early employee in the first few hundred when he was still active in the company daily in 2003, and left after the superbowl explosion in business a few years later because he was such a personal nutbag to work with directly.
Just look at the names; “Go Daddy” and “Wild West”.. It’s alarming already.