(Was curious and looked it up - sounds like no, but that would have been cool.)

The term comes from the “snake oil” that was sold as a cure-all elixir for many kinds of physiological problems. Many 18th-century European and 19th-century United States entrepreneurs advertised and sold mineral oil (often mixed with various active and inactive household herbs, spices, drugs, and compounds, but containing no snake-derived substances whatsoever) as “snake oil liniment”, making claims about its efficacy as a panacea. ^{([source](https://en.wikipedia.org/wiki/Snake_oil))}