What does the name Wally mean? The meaning of the name Wally is Diminutive Form Of Walter Or Wallace. The origin of the name Wally is English. This is the culture in which the name originated, or in the case of a word, the language.
People who like the name Wally also like: Wyatt
, Teddy Genevieve
Name Notes: Also word for an idiot in colloquial English (UK).