Somebody on this cottonpicken planet has got to know the answer?

Ticklenaked pond, Ryegate. Name is thought to stem from attempts to Anglicize an Indian name whose meaning is lost.

Your question was 8 years ago ... but still ... "Various explanations for this odd and humorous name have been offered; the late Dr. John C. Huden, who spent most of his life studying place-names derived from Indian words, said it may be a modified Delaware Indian word meaning "beaver kittens here."

http://wikimapia.org/6517114/Ticklenaked-Pond

i would have to say that it started back in the organ trail days and the pond was like a resort like we have 6 flags for ammusement well they got cheap thrills back then and the pond was where every body went to and paid money or traded items to swim or to be tickeled naked for there amusement.like a health spa before i days

The person that first discovered it found it by mistake when being tickled naked!

now you have me curious.