oil-skin (n.)

late 12c., "olive oil," from Anglo-French and Old North French olie, from Old French oile, uile "oil" (12c., Modern French huile), from Latin oleum "oil, olive oil" (source of Spanish, Italian olio), from Greek elaion "olive tree," from elaia (see olive).

Nearly all the European languages' words for "oil" (Croatian ulje, Polish olej, Hungarian olaj, Albanian uli, Lithuanian alejus, etc.) are from the Greek word; the Germanic (except Gothic) and Celtic one coming from Greek via Latin: Old English æle, Dutch olie, German Öl, Welsh olew, Gaelic uill, etc. 

In English it meant "olive oil" exclusively till c. 1300, when the word began to be extended to any fatty, greasy liquid substance (usually flammable and insoluble in water). Often especially "oil as burned in a lamp to afford light" (as in midnight oil, symbolizing late work). Use for "petroleum" is recorded from 1520s but not common until 19c.

The artist's oils (1660s), short for oil-color (1530s), are paints made by grinding pigment in oil. Oil-painting is attested from 1782.  The ocean-going oil-tanker is from 1900; oil-spill is from 1970. As a condiment, oil and vinegar is attested from 1620s. The figurative expression pour oil upon the waters "appease strife or disturbance" is by 1840, from an ancient trick of sailors.

Another historical illustration which involves monolayers, was when sailors poured oil on the sea in order to calm 'troubled waters' and so protect their ship. This worked by wave damping or, more precisely, by preventing small ripples from forming in the first place so that the wind could have no effect on them. [J. Lyklema, "Fundamentals of Interface and Colloid Science," Academic Press, 2000]

The phenomenon depends on what are called Marangoni effects; Benjamin Franklin experimented with it in 1765.

c. 1200, "animal hide" (usually dressed and tanned), from Old Norse skinn "animal hide, fur," from Proto-Germanic *skinth- (source also of Old English scinn (rare), Old High German scinten, German schinden "to flay, skin;" German dialectal schind "skin of a fruit," Flemish schinde "bark"), from PIE *sken- "to peel off, flay" (source also of Breton scant "scale of a fish," Irish scainim "I tear, I burst"), extended form of root *sek- "to cut."

Ful of fleissche Y was to fele, Now ... Me is lefte But skyn & boon. [hymn, c. 1430]

The usual Anglo-Saxon word is hide (n.1). Meaning "epidermis of a living animal or person" is attested from early 14c.; extended to fruits, vegetables, etc. late 14c. Jazz slang sense of "drum" is from 1927. Meaning "a skinhead" is from 1970. As an adjective, it formerly had a slang sense of "cheating" (1868); sense of "pornographic" is attested from 1968. Skin deep is first attested in this:

All the carnall beauty of my wife, Is but skin-deep. [Sir Thomas Overbury, "A Wife," 1613; the poem was a main motive for his murder]

The skin of one's teeth as the narrowest of margins is attested from 1550s in the Geneva Bible literal translation of the Hebrew text in Job xix.20. To get under (someone's) skin "annoy" is from 1896. Skin-graft is from 1871. Skin merchant "recruiting officer" is from 1792.