envelope (Noun) — A flat (usually rectangular) container for a letter, thin package, etc..
envelope (Noun) — Any wrapper or covering.
envelope (Noun) — A curve that is tangent to each of a family of curves.
envelope (Noun) — A natural covering (as by a fluid). ex. "the spacecraft detected an envelope of gas around the comet"
envelope (Noun) — The maximum operating capability of a system (especially an aircraft). ex. "test pilots try to push the envelope"
envelope (Noun) — The bag containing the gas in a balloon.