The Fizbin of Misfortune first appeared waaaaaaaay back in Might and Magic III, when there were often Star Trek in-jokes included in the MM games. This one was a reference to Fizzbin, the idiotic card game Kirk made up on the spot to defeat some gangsters in a 1968 episode.
____________ "Those who forget their history are inevitably doomed to repeat it." —Proverb, Might and Magic VIII