Back to the Future
Peabody was the owner of a farm which he planned to convert into a ranch for breeding pine trees in the 1950s. This plan was never fully realized, as the land was later sold and developed into the mall. Otis was regarded as a bit crazy for this idea. The Twins Pines mall was named in honor of this dream, after the two pine trees he started off with.
On the morning of November 5, 1955, Peabody's son Sherman, who read science fiction magazines, mistook the DeLorean time machine for a hostile craft from outer space. Peabody, along with his wife and daughter, were convinced that they were under attack.
Marty McFly escaped from the ranch in the DeLorean, inadvertently destroying one of Otis's two prize saplings with which he had hoped to start his pine breeding ranch. Peabody reported it to the police, who believed him to be insane and sent him to the County Asylum the next day.
Eventually, his children leased the land to a real estate developer to build a mall. The mall ended up being named the "Lone Pine Mall" in the revised timeline, in honor of Otis's original dream.
Before being converted into a ranch for breeding pine trees, the ranch was apparently a regular farm. In Back to the Future: The Game by Telltale Games, a crate marked "Peabody Farms" can be seen in the flatbed of a truck driven by young Emmett Brown in the year 1931. Another crate, or possibly even the same one, could be seen at Doc's garage sale in the year 1986.