In the example above, the speaker uses "it" to talk about the name that the band members chose. "It" is the correct pronoun to use if they're just talking about the name. However, there are some situations where "this" could also be used. For example, if the name was written down on a piece of paper that the speaker was holding, he could point to it and say:

I'll run this by April and see what she thinks.

This phrase appears in these lessons: