Well, Laughin'Man's was more the deterioration of a name... it actually should look more like this:
Laughin'Man > Waffin'Man > Waffle
Also, I personally think Waffle sounds cooler than Lemon Man, but that could just be me.
Turakii
Cooler is one thing; legitimate is another. Deteriorating a deterioration means someone could end up with practically any name; I just did a quick run-through, and "Tahu01" ended up as "Cheeseburger". XD So, I think he should take Lemon Man.