"louse egg," Middle English nite, from Old English hnitu, from Proto-Germanic *hnitu- (source also of Norwegian nit, Middle Dutch nete, Dutch neet, Middle High German niz, German Niß), from PIE root *knid- "egg of a louse" (source also of Russian, Polish gnida, Czech knida; Greek konis, genitive konidos "egg of a louse").
-y 2
adjective suffix, "full of or characterized by," from Old English -ig, from Proto-Germanic *-iga- (source also of Dutch, Danish, German -ig, Gothic -egs), from PIE -(i)ko-, adjectival suffix, cognate with elements in Greek -ikos, Latin -icus (see -ic). Originally added to nouns in Old English; used from 13c. with verbs, and by 15c. even with other adjectives (for example crispy). Adjectives such as hugy, vasty are artificial words that exist for the sake of poetical metrics.