I've just come up with "Palm" (playing on Overhand), with the elbows of an overhand knot resembling knuckles?. But that's not very satisfying, a palm is not a hole, not by any stretch of the imagination.
Altenatively, if you visualise an overhand knot with the standing and working ends horizontal, and the "loop" of the overhand bend hanging down under gravity, then the whole knot looks vaguely like a (frog's?) face? If so, then the elbows at the top of the knot could be called eyes, and the loop below them the mouth?
Sorry, no where near as good as "Lagoon" for a reef knot!