First of all, the world DUBSINTHE comes from two other words:
DUB + ABSINTHE = DUBSINTHE. So that's the whole meaning of it! Dubsinthe was founded in St.Petersburg, Russia in 1998. It represents the synthetic mix of electronic sound together with different live instruments, percussion and vocals.
The main mastermind of the band is Atomfear (Yuri Ivanov), who took part in many different festivals and live shows together with such well known musicians as Coil, Mu-Ziq (Warp records), Fizzarium, Local Spirit, Klutch, Polus and many others.

Read more about Dubsinthe on Last.fm.