Perl officially stands for Practical Extraction and Report Language, except when it doesn't.
Perl was originally a language optimized for scanning arbitrary text files, extracting information from those text files, and printing reports based on that information. It quickly became a good language for many system management tasks. Over the years, Perl has grown into a general-purpose programming language. It's widely used for everything from quick "one-liners" to full-scale application development.