The story
From Guy Fawkes, who took part in a failed plot to blow up the English parliament in 1605 and who was sentenced to being hanged, drawn, and quartered.
Etymology from Wiktionary, CC BY-SA 4.0.
Guy Fawkes
Today it means: An effigy of Guy Fawkes that is burned as part of the Guy Fawkes Night celebrations. Full definition →