Freddy \f-reddy, fr(ed)-dy\ as a boy's name (also used as girl's name Freddy), is a variant of Alfred (Old English) and Frederick (Old German), and the meaning of Freddy is "elf or magical counsel; peaceful ruler".
The baby name Freddy sounds like Fredd, Fredo, Freddie, Fred, Fredi and Freed. Other similar baby names are Broddy, Fredro, Fredek and Frey.