According to the Facebook page, it's "(our very own) Phil Milstein delivers a fascinating deep exploration of the origins of the Velvet Underground’s name." Sounds like it will be worth a read, although taking into account postage here, issues tend to be a bit out of my reach.
I assume that we are talking about events surrounding Tony Conrad's copy of the Michael Leigh book, The Velvet Underground, which he showed to the group, whilst he and Cale were sharing an apartment. Does the article expand on this?
The 12 page article is actually about the paperback books that provided the group their name. The research is fascinating and reveals (among other things) that the original author was on federal trial for his reportage. Great contemporaneous visuals too. If that endorsement's insufficient, Pamela Anderson gets thanked for helping with the archival digging.
I can't believe that anybody on this forum wouldn't find it riveting. If your Ugly Things subscription has unaccountably lapsed, I would order a copy pronto.