I don't know, but I had a jr. high teacher who was a recent aggie grad, who that that was the best password on her laptop. She gave alot of extra credit in the first place, but suffice it to say, I didn't take the final.
the older aggie bro told me that the phrase 'hulabaloo caneck caneck' mimics the sounds made when loading a canon. The baloo part is when the ball is loaded and falls down the barrel. The caneck caneck is two clips that you have to close, or something like that.