The Collaborative International Dictionary of English v.0.48:

Leatheret \Leath"er*et\, Leatherette \Leath`er*ette"\, n.
   [Leather + et, F. -ette.]
   A material made in imitation of leather, made of paper and
   cloth.
   [1913 Webster]

WordNet (r) 3.0 (2006):

leatherette
    n 1: fabric made to look like leather [syn: leatherette,
         imitation leather]