The "C" Stands for...?

AMC is a basic cable station, and I was under the impression the initials stood for "American Movie Classics," but I'm rather curious about their vetting process for what constitutes a 'classic' because last night they treated their viewers to a showing of Species II.

Now, one could argue that it's a decent sci fi movie (they'd lose that argument) but I don't think anyone out there would have the stones to argue that it's a classic. So how does a movie like this get on American Movie Classics?

What's next, The Independent Film Channel showing "Titanic"?

How about "Pulp Fiction" on ABC Family?

Or a bunch of teenagers just sitting around and talking on Music Television?

Oh wait...

Nevermind.