The exchange begins with the Royal Navy's habit of reusing the name of a captured enemy ship, turning possession into a visible institutional statement. HMS President still exists as the name of the Royal Naval Reserve establishment in central London. The present shore establishment is a stone frigate rather than a seagoing warship, but it carries forward a name used by several commissioned vessels. HMS Saxifrage was one of the ships later renamed President, showing how naval names can outlive the individual hulls that first bore them.
Notable Point · 8:17-9:24
How HMS President carried a captured-warship name ashore
A joke about captured ships leads to the Royal Navy's repeated use of President and its survival as a London reserve establishment.