Most certainly. I used to hear people call usb drives zip drives (and thumb drives) a lot ~2 decades ago. Truthfully, I didn't even know zip drives were their own thing until this comment chain. I just though it was an older term for usb drives.

I've heard "gumstick drives" or even just "gumsticks" in addition to USB/thumb. Never really heard zip though, since those are/were actually a thing.