jipijapa

[hee-pee-hah-pah, -puh]
noun
1.
Also called Panama-hat plant. a tropical American, palmlike plant, Carludovica palmata.
2.
a Panama hat made from the young leaves of this plant.

Origin:
1855–60; < American Spanish, after Jipijapa, town in Ecuador

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World English Dictionary
jipijapa (ˌhiːpiːˈhɑːpɑː)
 
n
a palmlike plant, Carludovica palmata, of Central and South America, whose fanlike leaves are bleached for making panama hats: family Cyclanthaceae
 
[American Spanish, after Jipijapa, Ecuador]

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Example sentences
The first one he ran across was jipijapa, which only means fine woven straw.
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