The name originally stood for Magic: The Gathering Exchange, an online site designed to trade cards used in playing the card game popular with the younger set.
But so far, this is worlds ahead of Fable 3, and if he could capture a little bit of the magic that made him a gaming name with Populous, he might just become relevant again.
Your mail-handling software would scan each message to see if either the sender's name could be found in your personal directory or a magic word could be found in the subject field.
By dint of the inability of the commercial interests to come up with a college "championship" game worthy of the name, one of the few rituals left with any shred of amateur magic has gotten a stay of irrelevance.