The first well-known UFO sighting occurred in 1947, when businessman Kenneth Arnold claimed to see a group of nine high-speed objects near Mount Rainier in Washington while flying his small plane. Arnold estimated the speed of the crescent-shaped objects as several thousand miles per hour and said they moved “like saucers skipping on water.” In the newspaper report that followed, it was mistakenly stated that the objects were saucer-shaped, hence the term flying saucer.

-Britannica.com