From a surname that was originally derived from the name of an English town, itself meaning “settlement belonging to Wassa’s people”. The given name is usually given in honour of George Washington (1732-1799), commander of the Continental Army during the American Revolution and the first president of the United States.
People with the name Wally have a deep inner desire to use their abilities in leadership, and to have personal independence. They would rather focus on large, important issues, and delegate the details.