hydrofoil (n.)

before vowels hydr-, word-forming element in compounds of Greek origin, meaning "water," from Greek hydro-, combining form of hydor "water" (from suffixed form of PIE root *wed- (1) "water; wet"). Also sometimes a combining form of hydrogen.

"very thin sheet of metal," early 14c., foile, from Old French foil, fueill, fueille "leaf; foliage; sheet of paper; sheet of metal" (12c., Modern French feuille), from Latin folia, plural (mistaken for fem. singular) of folium "leaf" (from PIE root *bhel- (3) "to thrive, bloom").

The sense of "one who enhances another by contrast" (1580s) is from the practice of backing a gem with metal foil to make it shine more brilliantly. The meaning "light sword used in fencing" (1590s) could be from this sense, or from foil (v.). The sense of "metallic food wrap" is from 1897.