The story
From Ex-Lax, a brand of laxative, because the fish flesh contains wax esters that can cause diarrhea.
Etymology from Wiktionary, CC BY-SA 4.0.
Today it means: Synonym of escolar (an oily marine fish with white flesh, reminiscent of, and fraudulently passed off as, tuna) Full definition →
From Ex-Lax, a brand of laxative, because the fish flesh contains wax esters that can cause diarrhea.
Etymology from Wiktionary, CC BY-SA 4.0.