The name of the band is probably a reference to the Campagnolo[2] groupset, and much of their artwork draws from road bicycle imagery.
Another major influence in the Campag vocabulary and artwork is Nadsat, coined by Anthony Burgess in the book A Clockwork Orange.
The single "Drencrom Velocet Synthmesc" uses Nadsat words for recreational drugs, with the text being shown in the opening frame of the A Clockwork Orange film.
[1] Campag Velocet released their debut album, Bon Chic Bon Genre in 1999, and released three singles off it, "To Lose La Trek", "Vito Satan" and "Drencrom [Velocet Synthmesc]",[1] the latter of which was an NME magazine 'single of the week'.
They later suffered the same fate as some of the other bands to be pushed by the NME (such as Terris and Gay Dad) by losing their recording contract due to poor sales.