The rock band that has owned the domain name teaparty.com since the early 1990s is looking to cash in.

The band named itself Tea Party in 1990, riffing off a euphemism for "getting high and writing poetry and vibing with each other," the band's bassist told Business Week. Although the band is mostly defunct, the website bearing the name of the popular political movement is anything but.

Domain registrar GoDaddy.com predicted the name could sell for more than $1 million, but the owners may have to act fast, in case the Tea Party movement loses steam and the name becomes less valuable.

Deep-pocketed political groups that back the Tea Party might not be the only ones interested — with the domain name driving major traffic, a clever marketing department for an actual tea company could find the name a big boost, pointed out Stephen Bannon, a former banker who has directed movies about the Tea Party.