The term "lilo" is derived from the brand name of an inflatable air mattress called "Li-Lo." The Li-Lo air mattress was first introduced in the early 20th century by the British manufacturing company called the "Pneumatic Mattress & Cushion Company." The name "Li-Lo" was a combination of the words "air" and "water," as the mattress was designed to be used both on land and in water.
Over time, the term "lilo" became a genericised trademark, referring to any inflatable air mattress used for relaxation or floating on water. It is now commonly used to describe a portable and comfortable air mattress that can be inflated and used for lounging or floating in swimming pools, lakes, or beaches.
So, the term "lilo" is named after the original brand "Li-Lo" and has since become a widely recognised term for inflatable air mattresses used for leisure activities in the water.