I posted this here before but it was seemingly ignored:
http://www.boxrec.com/media/index.php/Bolo_punch
This is the origin of the term.
Filipino boxer Macario Flores is the earliest-known practitioner of this punch. According to the March 27, 1924 Tacoma News Tribune (Tacoma, WA, USA): "Flores lets his right hand go just as his country men throw a bolo knife. The blow is not only hard, but it is as fast as a streak of lightning, being almost impossible to follow with the human eye."
This is the origin of the term.

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