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Colt \c(o)-lt\ as a boy's name is pronounced kolt. It is of Old English origin, and the meaning of Colt is "young horse, frisky". Occupational name. Variants are English surnames used as given names. The Colt revolving-breech pistol, or revolver, is the invention of 19th-century inventor Samuel Colt. Colt has 3 variant forms: Colter, Coltrane and Coulter. For more information, see also the related name Colbert. Baby names that sound like Colt are Kolt and Colet. View a list of the 4 names that reference Colt.