This is the 12786th most frequent Russian word.
крокодиловой
Pertaining to a crocodile.
The word "крокодиловой" is describing the type of leather the bag is made from—crocodile leather.
Она купила сумку из крокодиловой кожи.
She bought a bag made of crocodile skin.
Here, "крокодиловой" refers to a river, metaphorically described as associated with crocodiles.
На выставке была картина крокодиловой реки.
There was a painting of the crocodile river at the exhibition.
In this case, "крокодиловой" describes the texture of the shoes that resemble crocodile scales.