When I am adding new products to inventory, I normally create one product as a template, duplicate it and make another variant as a different product.
When I do this, it creates it as copy of ...
then when i edit it, save it as a new product, and then when i duplicate it again it will say. copy of copy of ...
This continues with every duplication getting longer and longer.
As a side note, i really like that I can now edit the SEO of the product, and that i can change the link title,