The phrase originates from nautical speed measurement, 'knots'. It implies something moving fast. The rumor spread at a rate of knots through the school.
Pro Tip 2/3
Informal Tone
A casual phrase, not used in formal writing. Best for informal conversation or creative text. News about the concert was spreading at a rate of knots.
Pro Tip 3/3
Emphasize Speed
Use when emphasizing the surprising or notable speed of an action or event. The new product's popularity grew at a rate of knots.