Lol just wait till you try to account for it on your node and see that there's no record of the transaction...just the balance increases.
The name comes from Phantom Nodes and Payments, which is the core technology used in the service to allow anyone to get the UX benefits of a lightning address.
Regarding privacy, this isn't a privacy tool per se, but Amboss is unable to prove any payment happened. It's just a delegated invoicing service.
I think what people are missing in privacy discussions is that traditional payments are completely surveilled and lightning is far superior, but has UX challenges. Ghost payments address the UX pieces and make a small tradeoff wrt information revealed.