The footwear style, characterized by a distinctive strap across the vamp with a slit, owes its nomenclature to a practical function adopted by wearers. The opening, specifically designed for decorative purposes, became a convenient location for storing small change. This adaptation provides the etymological basis for its widely recognized name.
This modification, turning a design element into a functional feature, proved particularly popular among students and young individuals. The readily accessible coins were often used for payphone calls or purchasing small items. The association with accessible currency not only defined the shoe’s utility but also contributed significantly to its cultural appeal and widespread adoption across various demographics.
