*I* heard as, put the name of your first pet and the name of the first street you lived on together to get your soap opera character's name.

Depending on which pet I chose (we had them both when I was young):

My exotic dancer name is Penny McDonald

and my soaper name is Pretty Boy Ackerson

Or maybe, my drag queen name is Pretty Boy. I'm a woman playing a man playing a woman. Wait ... this sounds familiar.