The name “Crayola” comes from the combination of the French words “craie” (chalk) and “oléagineuse” (oily) or “oily chalk”. In 1903, a box of 8 crayons sold for a nickel. – WTF Fun Facts
Source: https://www.crayola.com/faq/your-history/where-did-the-brand-name-crayola-originate/