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velvet (n.)

early 14c., probably from Old Provençal veluet, from Vulgar Latin *villutittus, diminutive of Vulgar Latin *villutus "velvet," literally "shaggy cloth," from Latin villus "shaggy hair, nap of cloth, tuft of hair," probably a dialectal variant of vellus "fleece," from PIE *wel-no-, suffixed form of *uelh- "to strike" (see svelte).

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Definitions of velvet from WordNet
1
velvet (adj.)
smooth and soft to sight or hearing or touch or taste;
Synonyms: velvety / velvet-textured
velvet (adj.)
resembling velvet in having a smooth soft surface;
Synonyms: velvety
2
velvet (n.)
a silky densely piled fabric with a plain back;
From wordnet.princeton.edu