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Hollye \ho-ll-ye\ as a girl's name is a variant of Holly (Old English), and the meaning of Hollye is "the holly tree". The baby name Hollye sounds like Holle, Hollie and Hollee. Other similar baby names are Billye, Hallie, Hilly, Halle, Hally, Hille, Hellee, Holde, Hollis, Holles, Hollace, Holli, Holley and Kellye.