  We investigate hard ellipsoids of revolution in a parameter regime where no
long range nematic order is present but already finite size domains are formed
which show orientational order. Domain formation leads to a substantial slowing
down of a collective rotational mode which separates well from the usual
microscopic frequency regime. A dynamic coupling of this particular mode into
all other modes provides a general mechanism which explains an excess peak in
spectra of molecular fluids. Using molecular dynamics simulation on up to 4096
particles and on solving the molecular mode coupling equation we investigate
dynamic properties of the peak and prove its orientational origin.
