Waverlee \wa-ver-lee, wav(e)-rlee\ as a boy's name is a variant of Waverley (Old English), and the meaning of Waverlee is "meadow of quivering aspens".
The baby name Waverlee sounds like Everley and Everlie. Other similar baby names are Beverlie, Beverley, Beverlea, Farlee, Fairlee and Warley.