Nicknamed "Resident Punk" in the magazine, he claims (to much dispute) that he was the first person (along with co-founder John Holmstrom) to have coined the term "punk" to describe a certain type of music, fashion, and attitude. He says he came up with the name punk because Telly Savalas used the line "You lousy punk!" on the show "Kojak." According to McNeil: "After four years of doing Punk magazine, and basically getting laughed at, suddenly everything was "punk," so I quit the magazine."

McNeil is the principal author of two books in the oral history format: