Sort of.
There’s a contingent who believes that no-deal wouldn’t be that bad, or in fact is what they wanted all along. Those tend to be rabid free traders, hopped up on US-style libertarianism and US lobbying funding.
They do want the world to burn because they think it’s currently a shitty world (views differ on whether there was ever a time when it wasn’t shitty and if so, when that was - some say the 1950s, some say the 1850s, some say before 1066) and everyone who isn’t either made of asbestos or buying asbestos from them and their mates should hurry up and burn instead of taking up resources which “better” people could be using more effectively.
There’s a contingent who think that the EU won’t allow a no-deal and all that’s holding the EU back from caving in and giving the UK everything it wants is that they think we’re scared of no-deal, so if we show them that we’re not, the EU will cave. Call it the psychopath’s version of MAD theory. I think Rees-Mogg veers between this and the first view as does Nigel Farage depending on his audience (not that he’s currently relevant except as the boogeyman lurking in the corner - which is to say he is petrifying to large parts of both parties).
There’s another contingent who think that the chaos and disruption of a no-deal, no matter how bad is better than either staying in the EU on current terms or the offered deal. They have various reasons for thinking that.
To add to @Ministry’s reply - I’d say there’s a reasonable chance.
The motion put forward is not straightforward and who knows what it will look like when it actually gets put to the vote.
The motion text is:
The amendments put forward are here:
https://publications.parliament.uk/pa/cm201719/cmagenda/ManuscriptAmdts1403v1.pdf
they are basically:
A - hey, we in Scotland and Wales exist too!
C (there is no amendment B - no there is it’s just out of order) - tell the Government to revoke article 50
D - negotiate an extension to allow for an in/out on May’s deal terms referendum
F - extend to allow for in/out referendum, Scottish IndyRef
H - extend to allow for leave on terms to be determined by Parliament or stay
G - extend to allow the UK to change "it’s negotiating team’ (Is it just me or is that a cheeky way of saying - have a new prime minister?)
I - complicated procedural amendment which as best as I can work out would mean that any group of 25 MPs which includes at least 5 MPs from 5 different parties can put forward motions about leaving the EU and ensure that motion is debated
E - Parliament doesn’t like the deal, doesn’t like no deal so extend to allow the House to work out what it does want. (Good luck with that, Jeremy)
K - note the previous votes and instruct the government to extend, leave out the rest
B - add “no second referendum”
J - add note that parliamentary rules state that a motion that has been presented once cannot be presented again in the same form. So sod off with your deal, we’ve told you twice now that we don’t like it. Try something else. (No, we don’t know what either, that’s why you’re Prime Minister, sort it out)
And the hardcore Brexiters know that none of this is in any way binding.