I was curious and did what we all do "Google'd It" I found a video clip that gives the definition behind the word. Me personally, I like when things have a story behind them. Anyway, check out this short clip:
Ubuntu, pronounced /ùbúntú/ (oo-BOON-too), is a predominantly desktop oriented Linux distribution, based on Debian GNU/Linux. It is sponsored by Canonical Ltd (owned by Mark Shuttleworth), and the name of the distribution comes from the South African concept of ubuntu—roughly, "humanity towards others". It differs from Debian in that there is a release every 6 months and support is provided for at least 18 months after release[1], and in its strong focus on usability.
Ubuntu version 6.06 LTS, codenamed "Dapper Drake", was released on June 1, 2006, and will be supported for 3 years on the desktop and 5 years on the server, instead of the usual 18 months [2]. Ubuntu aims to use only free software to provide an up-to-date yet reasonably stable operating system for the average user. Ubuntu has a lively user and support community[3][4]. Kubuntu and Xubuntu are official subprojects of the Ubuntu project to bring the KDE and Xfce Desktop environments to the Ubuntu core, respectively. Edubuntu is an official subproject "designed for school environments, and should be equally suitable for kids to use at home."