Neil Gershenfeld discovered the FAB-LAB idea as part of his work at the Centre for Bits and Atoms at MIT. Here's a video of Neil Gershenfeld in action describing how he discovered the FAB-LAB idea.
Here's a longer version of this talk he gave at Google
http://uk.youtube.com/watch?v=w8ubXgXM7kk
I recently attended this conference in Manchester where Smári McCarthy
gave this talk
https://www.indymedia.org.uk/media/2009/03//425573.mp3
Also check out this talk between Smári McCarthy and Vinay Gupta
http://video.google.com/videoplay?docid=-5425230807391753000