The story
A marketing coinage of the 1930s, from Naugatuck, Connecticut, where it was first produced, and hide; it was humorously marketed as being the skin of an animal called a Nauga.
Etymology from Wiktionary, CC BY-SA 4.0.
Today it means: An artificial leather made with a knit fabric backing and PVC coating. Full definition →
A marketing coinage of the 1930s, from Naugatuck, Connecticut, where it was first produced, and hide; it was humorously marketed as being the skin of an animal called a Nauga.
Etymology from Wiktionary, CC BY-SA 4.0.