Webster's Revised Unabridged Dictionary · 1913

Novelty

Novelty , noun

[Old French novelté, French nouveauté, Latin novellitas.]

1.
The quality or state of being novel; newness; freshness; recentness of origin or introduction.
Novelty is the great parent of pleasure. — South
2.
Something novel; a new or strange thing.
3.
A small mass-produced article of little value; a knickknack.