The event is called "Poetry Parnassus" -- named after MountParnassus, known in Greek mythology as the spiritual home of poetry, the stamping ground of the lyricist Orpheus and the hang-out for the Muses.
Sligo got so excited after following to MountParnassus and its oracle the opium-loving Lord Byron that he started building his own temple of dreams in these wilds in 1815.