Here is the video of removal of that ragged piece of pipe and the flange that was attached to it and bolted onto the lower flange. The removal of that flange left a clean bottom flange which allowed the new pipe to be fitted clean, regular surface on July 10.
Macando Prospect is the name that BP gave to the site on the sea floor where they drilled their hole.
Macondo is a fictional town in the narrative of One Hundred Years of Solitude by Gabriel García Márquez, the town grows from a tiny settlement with almost no contact with the outside world, to eventually become a large and thriving place, before a banana plantation is set up. The establishment of the banana plantation lead to Macondo’s downfall, followed by a gigantic windstorm that wipes it from the map.