Ailfrid \a(i)-lf-rid, ail-frid\ as a boy's name is a variant of Alfred (Old English), and the meaning of Ailfrid is "elf or magical counsel". The baby name Ailfrid sounds like Ailfryd, Ailfred and Wilfrid. Other similar baby names are Ahlfred, Ailured, Wilfred, Willfrid, Wilfryd and Wilfried.