Why not live in Wynot? One hundred sixty-six people do, according to U.S. Census data. In her book, "Nebraska Place-Names," Lilian L. Fitzpatrick says the traditional story of how the town got its name begins with an elderly resident who answered all questions with "W'y not?" Local children began to imitate his response, and it was soon picked up by the adults. When it came time to name the new town, someone asked "Why not name it Wynot?"
Source: "Nebraska Place-Names" by Lilian L. Fitzpatrick; U.S. Census Bureau