😀 yeah it made sense to me because I grew up in the changeover.

But here's the Wiki entry.

The "idiot light" terminology arises from popular frustration with automakers' use of lights for crucial functions which could previously be monitored by gauges, so a troublesome condition could be detected and corrected early. Such early detection of problems with, for example, engine temperature or oil pressure or charging system operation is not possible via an idiot light, which lights only when a fault has already occurred – thus providing no advance warnings or details of the malfunction's extent.