a fabric of silk, nylon, acetate, rayon, etc., sometimes having a cotton backing, with a thick, soft pile formed of loops of the warp thread either cut at the outer end or left uncut.
2.
something likened to the fabric velvet, as in softness or texture: the velvet of her touch; the velvet of the lawn.
3.
the soft, deciduous covering of a growing antler.
4.
Informal. a very pleasant, luxurious, desirable situation.
5.
Informal.
a.
money gained through gambling; winnings.
b.
clear gain or profit, especially when more than anticipated.
Origin: 1275–1325; Middle English velvet, veluet, veluwet < Old French veluotte, equivalent to velu (< Medieval Latin vil(l)ūtus;Latin vill(us) shaggy nap (compare villus) + Late Latin -ūtus for Latin -ātus-ate1) + -otte noun suffix
1320, probably from O.Prov. veluet, from V.L. *villutittus, dim. of V.L. villutus "velvet," lit. "shaggy cloth," from L. villus "shaggy hair, nap of cloth, tuft of hair," probably a dialectal variant of vellus "fleece."