Why Holo? Because apparently everyone to ever watch this series was incorrect in thinking that they were saying "Horo" when it was in fact "Holo." Blame the Japanese being ambiguous about their r's and l's, the l sounds are usually translated as r into English anyway but the Japanese don't seem to get the difference. (Seriously, the only people I know who could mispronounce "election" as something quiet different).
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