The format was originally designed to interchange animated palettised depictions of giraffes, so Giraffic Interchange Format made sense. They just changed the acronym when they realised that by storing different colours in the palette, you could depict things other than giraffes.
this is like the dude who invented GIF thinking everyone was going to call it “jiff”. it ain’t happening, broski.
The G stands for Jraphics
The format was originally designed to interchange animated palettised depictions of giraffes, so Giraffic Interchange Format made sense. They just changed the acronym when they realised that by storing different colours in the palette, you could depict things other than giraffes.