Named by crayon fans
Timberwolf is a Crayola crayon, a warm light gray like the coat of a gray wolf. In late 1992 Crayola put 16 new colors in its 96 crayon Big Box with no names on them. The names were picked in a nationwide contest, and the winners were announced in 1993. Timberwolf was one of them, along with Macaroni and Cheese. The history of Crayola crayons tells the full story.
Two codes for one crayon
Wikipedia's crayon table now gives the crayon as #D9D6CF. The code #DBD7D2 used here comes from an older version of that list, and the two are almost impossible to tell apart. Near neighbors are platinum and gainsboro, which is a little cooler.

