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There doesn't seem to be any definite source for the name spotted dick.
The best I found was that in the mid 19th century the word dick referred to a wedge of hard cheese. When a treacle sauce was added it became known as treacle dick - and so it's logical to make the quantum leap across to assuming dick may eventually have been adopted as a generic term for a dessert.
Add raisins or currants to a lump of boiled suet and you have a spotted dessert - spotted dick, as we now know it. Or, then again, perhaps we don't. Spotted dick seems to now refer to the sponge pudding type of dessert than comes in cans, when originally it was a much feared, glutinous mass of suet, flour and raisins, served up to ravenous, but rather picky schoolboys in the hope that the sheer weight of the concoction might root them to their desks during an afternoon of less than thrilling lessons in latin, classics and math.
From your description Dave it sounds rather disgusting coming from a can. Count me out. And you had to eat that in school? Of course our lunch program in the states left much to be desired too. So I guess I understand.