Morgayne \m(o)-rgay-ne, mor-gayne\ as a girl's name is a variant of Morgan (Welsh, Old English), and the meaning of Morgayne is "circling sea or great brightness; bright or white sea dweller".
The baby name Morgayne sounds like Morganne, Morgane and Morgaine. Other similar baby names are Marlayne, Morgann, Morgance and Morgana.