American inventor <a href="https://en.wikipedia.org/wiki/Walter_Frederick_Morrison" id="mw7g" rel="mw:WikiLink" title="Walter Frederick Morrison">Walter Frederick Morrison</a> sells the rights to his <a href="https://en.wikipedia.org/wiki/Frisbee" id="mw7w" rel="mw:WikiLink" title="Frisbee">flying disc</a> to the <a href="https://en.wikipedia.org/wiki/Wham-O" id="mw8A" rel="mw:WikiLink" title="Wham-O">Wham-O</a> toy company, which later renames it the "Frisbee".