Etymology

whim-wham

Today it means: A whimsical object; a trinket. Full definition →

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The story

Uncertain; perhaps from North Germanic (compare Old Norse hvima (“to let the eyes wander”), Norwegian kvima (“to flutter”)), but in any case ultimately sound-symbolic/a fanciful reduplication (compare flim-flam).

Etymology from Wiktionary, CC BY-SA 4.0.