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North. East. West. South. !
That's what I learnt the origin of the word was.
My English teacher was dead serious when she told me that too
The odd and doubtful construction probably accounts for the absurd folk-etymology (attested by 1640 but originally, and in 18c. usually, in jest-books) that claims it to be an abbreviation of north east south west, as though "information from all quarters of the compass."
To be fair to her, its an old myth
That's what I figured it was when I was a kid. Same letters as the compass rose, information from around the world.