I always struggled naming my toons, with my greatest accomplishment being "Owltoid" for moonkins. I know, not the best, but it's one of the few names I've ever really liked.

Now I just name my guys The guy, Which guy, That guy, Other guy, This guy and just try to come up with come adjective that is four letters or less.

For gnomes I have: puny, tiny, tall
For dwarves I have: ugly, fat, thin
For the shamans I have: blue

For my currently retired DK + Pally team, I have 4 female dwarves: DrunkHelga, DrunkBertha, DrunkOlga, DrunkFrida, and one gnome DK named ChubChaser.