Actually, no although I love that story. I was originally asked to do the back inside cover for a zine featuring the Contributors. These people all vaguely resemble me and my friends, who contributed to the zine.
I don't think it ever had a name; it was going to feature news from our local art group. Unfortunately I don't think it ever got off the ground...I'll have to poke my friends about it again when we have our next meeting.
That was one of the ideas I had, yeah. Another idea I had was that they'd all been shot in the head like people lined up against the wall facing a firing squad. And another idea I had was that they were pouring out what was in their heads for everyone to make use of, since this image is functioning as the "Contributors" back page of our local underground art zine.
I guess there is no real answer. But your idea is cool too, just as valid as any of the others I had.