No Noooo-it's spelt: "Luxury yacht"

ROFLcopter!!!

It's spelt Palin, but it's pronounced Threlniblet-Clingfilm-Exacerbation.

Hahahaha that is very clever. I want John Cleese to pull a prank on me!

Still I write songs about that dream of mine
Worth everything I may ever be

I always love that joke between the two of them! It's pronounced Pah-lin and spelled Pallin (in the joke that is).
Trivia: When the Globe Theatre was rebuilt in London, a service was offered whereby you could have your name on a tile in the courtyard, for a donation to the project. Cleese bought two, one for himself and one for Mike and paid extra to have Mike's name mis-spelled! So when Mike went to see his friend's nice gesture he saw his name spelled as "Pallin"!

You can also say "Michael the cute Python"
hmmm I'd much prefer to say it that way

yes indeedy. You can also say "Michael the cute Python"
Once a philosopher, twice a pervert.

You can often hear John Cleese saying Pah-lin but he does it on purpose as a joke. So it's Pay-lin, as the person above said.

I reject your reality, and substitute my own!

Pay-lin