Colbey \c(o)-lbey, col-bey\ as a boy's name is a variant of Colby (Old Norse), and the meaning of Colbey is "swarthy person's settlement".
The baby name Colbey sounds like Colbee, Collby, Colbie, Gilbey, Kelbey and Kolby. Other similar baby names are Cobey, Coley and Colley.