Isn't nail polish a combination of competing chemical additives?
It has the drying accelerant which is what causes it to smell so strongly in the first place - the liquid disperses quikly. Latex or acrylic paint on the other hand barely has any smell at all.
Add to that the intentional foul smell - to stop the huffers, as also found in most aerosol products - and you've got a well crafted unpleasent experience.
I dont know how anyone could be oblivious to it.