The "bleeder" was originally, I believe, a Columbia Yellow Dot, a soft polyester red ball that grabbed the lane much earlier than the traditional White Dot, in the 1970s. The bleeder came in the plastic bag and the inside of many of bags were soaked with what I assume was liquid plastic, oozing out of the ball. When pro shops opened these in front of the customer (I was such a "lucky" customer), the guy went "ooooh", "aaah", you got a "bleeder". The more plastic in the bag, the greater the grabbiness of the ball.
My luck was that my ball had bottom weight, which in these 3 piece core and in those days was death. Been spooked by bottom weight balls ever since. Just learning to ignore it in recent years ...
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"Those who do not remember history are doomed to repeat it."