I've seen this name a few times when reading about elements.
Wikipedia says: It is believed by many modern Pagans that the Akasha, Spirit, is the Fifth Element. Scott Cunningham describes the Akasha as the spiritual force that Earth, Air, Fire, and Water descend from. Some also believe that the combination of the four elements make up that which is Akasha, and that Akasha exists in every living creature in existence; without Akasha, there is no spirit, no soul, no magic......The upward point of the pentacle, the pentagram or five pointed star within a circle, represents Akasha. The others represent Fire, Earth, Air and Water. While Earth is considered "north"; Fire is "south"; air is "east"; Water is "west", while Akasha is "center".
Source Link: http://en.wikipedia.org/wiki/Akasha
Is this true?
Because, to be honest, when I read/hear Akasha I think of Ann Rice, lol.