Original: Powderfinger was formed in 1989 by vocalist and guitarist Ian Haug, bassist John Collins and drummer Steven Bishop, who took their band's name from the Neil Young song "Powderfinger".
Simplified: Ian Haug, John Collins, and Steven Bishop (drums), had been playing music with other bands, when they decided to form Powderfinger. The band's name came from the song "Powderfinger" by Neil Young.