The question "What is Yoga?" is as complex and elusive of a rabbit hole as is the question "What is Money?"
“Yoga is a particularly polyvalent Sanskrit word, which, in ordinary usage, may signify joining or attaching, a means or method or way, profit or wealth, a trick or deceit, an undertaking or business, mixing, putting together or ordering, suitability, diligence or magic.” (“Roots of Yoga” by James Mallinson and Mark Singleton)
I recently came across this cool little video as well which takes us through the evolution of the word and the practice from the first records that we know of it, to how we generally perceive it today in the West: