This kanji looks like a hand peeling off the skin or covering of something. The top part resembles a hand or a knife, while the bottom part is the object being peeled.
'KAWA' — sounds like 'COVER', which is what skin, hide, or a peel does for something.
Vocabulary
果物の皮くだもののかわ
fruit peel
毛皮けがわ
fur, pelt
皮膚ひふ
skin (human)
皮肉ひにく
irony, sarcasm
革かわ
leather (often written as 革, but 皮 can refer to raw hide or general leather)