The term 'hope chest wood' refers to the type of wood used to make a hope chest, which is a large chest or box that is traditionally given to young women as a wedding gift. The most common type of wood used for this purpose is CEDAR, which is a softwood with a distinctive aroma and a reddish-brown color. CEDAR is also known for its durability and resistance to rot and insect infestations, making it an ideal choice for furniture and other items that will be stored for long periods of time.