Ailfred \a(i)-lf-red, ail-fred\ as a boy's name is a variant of Alfred (Old English), and the meaning of Ailfred is "elf or magical counsel". The baby name Ailfred sounds like Ailfryd, Ailfrid, Ahlfred and Wilfred. Other similar baby names are Ailured, Aldred, Alldred, Elfred, Alfredo, Alfrey, Alfre, Alured, Walfred, Willfred, Wilfryd, Wilfried, Wilfrid and Wilfredo.