Sundance got his nickname because Perry and Ant used to play Butch Cassidy, and Sundance was always the Sundance Kid.
Legend has it that Butch Cassidy and the Sundance Kid met their end at the hands of the Bolivian army near Tupiza, concluding their notorious string of bank robbery raids.
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Members included such infamous desperadoes as Butch Cassidy, the Sundance Kid, Kid Curry and his brother Lonny Curry, "Laughing" Sam Carey, Black Jack Ketchum, Elzy Lay, and George "Flat Nose" Curry, along with several lesser known outlaw gangs of the Old West.
After his release from the Sundance Jail in 1888, Harry Longabaugh acquired the moniker the Sundance Kid, which entered the popular imagination in the 1969 movie Butch Cassidy and the Sundance Kid, which won several Academy Awards including Best Original Screenplay.
The tune (with different lyrics) is also used in the modern day as "Good Old Collingwood Forever", the club song of the Australian Football League's Collingwood Football Club (coincidentally, in Butch Cassidy and the Sundance Kid, they joke about moving to Australia at the end).
The Three Outlaws, starring Neville Brand as Butch Cassidy and Alan Hale Jr as the Sundance Kid, is a 1956 fictional film of the duo's exploits with Wild Bunch member William "News" Carver as the third outlaw in the title.