The most common alternative theory suggested that the name originated when Portuguese or Spanish explorers, having explored the northern part of the continent and unable to find gold and silver, wrote cá nada (‘nothing here’ in Portuguese), acá nada, aqui nada or el cabo de nada (‘Cape Nothing’ in Spanish) on that part of their maps.
I always thought it was Spanish for “place with moose”
Growing up, we had a joke among friends: