Henry Kellett
It is not certain whether the lake was named for its crescent shape or for its proximity to Crescent Bay, which was named by Henry Kellett in 1846. In 1849 two British–Canadian fur trappers, John Sutherland and John Everett, forged inland from Crescent Bay. The two lakes they found became known as Lake Sutherland and Everett Lake. Later, Everett Lake was renamed Lake Crescent. It has also been known as Big Lake and Elk Lake.