It was called Cloverfield because Manhattan was bombed and the mushroom cloud that ensued is shaped like a clover, hence Cloverfield (field = Central Park)
Actually, you're wrong. It's called Cloverfield because the Bad Robot offices - the offices of the company that made this film - were situated in Cloverfield Boulevard while the film was being made.
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Actually, you're wrong. It's called Cloverfield because the Bad Robot offices - the offices of the company that made this film - were situated in Cloverfield Boulevard while the film was being made.