Had to google to find this new chestnut of knowledge...
“The name “EMILY’s List” was an acronym for “Early Money Is Like Yeast” (i.e., it makes the dough rise). The saying is a reference to a convention of political fundraising that receiving major donations early in a race is helpful in attracting other, later donors.”
Correct—and the purpose of the list was to raise money for leftist womyn candidates...