Fairlay \fa(ir)-lay\ as a boy's name is a variant of Farley (Old English), and the meaning of Fairlay is "meadow of the sheep; meadow of the bulls".

The baby name Fairlay sounds like Farlay, Farrley, Farly, Fairlie and Fairlee. Other similar baby names are Finlay, Birley, Birly, Carley, Carly, Early, Earley, Faisal, Faraj, Farag, Farlow, Farlie, Farlee, Farnley, Farnly, Farran, Farrar, Finley, Harley, Harly, Marley, Marly, Warley and Yarley.