Unfortunately that’s not true — the story is the developer said that GIF was a “Jiffy” of a program — nothing to do with peanut butter — but thanks for playing — we have some lovely parting gifts (GIFS) for you — see how I used a play on words there using the hard G to write gifts / gifs.
a GIF is Graphical Interchange Format which can be a still image BUT an animated GIF is several images made into something like a video clip. Also don’t forget to pronounce it JIF and not a hard G as many people do mistakenly.
It’s GIF with a soft G and people have been saying wrong for years using a hard G.