Although Thunderlord is my favorite Heavy Machine Gun in Destiny, Against All Odds (during year one) was/is my favorite legendary HMG in Destiny (besides [Harrowed] Quillim's Terminus) not just because it destroyed in both PvE and PvP, but its weapon description is super awesome:
"Threat assessment calculates your odds of survival at 3,721:1…unless you pull this trigger."
Here's the reason this is my one of my personal favorite weapons in Destiny from Year One:
[spoiler]The weapon description is a reference to what C-3PO said to Han Solo as they were flying through the asteroid field in The Empire Strikes Back. The only difference was that the number C-3PO said was 3,720; one number off so that Bungie wasn't copying Star Wars. I think it's pretty cool Bungie paid homage to Star Wars in this simple weapon description. [/spoiler]
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Steel Oracle Z-11 (Vendor Crucible Rocket Launcher) had the best weapon description in the history of this game: "I foresee fire. Fire and screams." "You would, mate. You're a rocket launcher."