The Jargon File defines Molly Guard as: A shield to prevent tripping of some Big Red Switch by clumsy or ignorant hands. Originally used of the plexiglass covers improvised for the BRS on an IBM 4341 after a programmer’s toddler daughter (named Molly) frobbed it twice in one day. Later generalized to covers over stop/reset switches on disk drives and networking equipment. In hardware catalogues, you’ll see the much less interesting description “guarded button”.