dave2008
Legend
"Nova" is rooted back in a translation of "Lord of the Rings"'s famous line from Gandalf: "You Shall Not Pass". It was translated in Spanish to "No Va", and this was taken by gamers to mean going all out when you don't want the monster to survive.
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I am not saying that it is, but that really sounds like an Urban Legend. I always assumed it was related to the concept of a supernova as mentioned earlier in this thread. I am pretty sure that is how every gamer I have encountered and use the term understood it.