As the creator himself tells if you read the comments for this font on dafont: it is based on Oklahoma by Harold's Fonts:
http://www.fontbros.com/cgi-bin/commerce.cgi?preadd=action&key=HAFO-OKLA

3.5 million downloads, not too shabby.

I have a similar question. Fifteenth Century, later misnamed Caslon Antique, apparently can't be justly called Jenson Antique or Aldus Antique either. What, if anything, was it based on?

So that's what it's called.

@Nick: And 3.4 million of those were for band flyers.

I actually typeset an annual report in 8.5pt Bleeding Cowboys.

*faint...* *THUD!*

If there is a market in making a pro version of it with faux randomisation of contextual alternatives?

The way it is right now could even limit amateur band flyer designers. :D

just kidding.

EDIT:
apparently there is a market! http://www.cheapprofonts.com/Bleeding_Cowboys_Pro

What was Oklahoma based on?

hhp

From my upcoming talk at Typo San Francisco, The Look of Sound: