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A combination of commedia dell'arte, agitprop, mystery play, and Noh.
The name derives from the phrase no thing. A thing does not exist until it is brought into being, and can be best understood by its absence: what would it be like if the thing did not exist?
If you bring some thing into the world, that did not previously exist, what have you done, and why have you done it? And: what is it?
Because, after all, if there is no thing, there is nothing.
Hence, the name.