Eloi \e-loi\ as a boy's name is pronounced EE-loy. It is of French and Latin origin, and the meaning of Eloi is "chosen". Short form of Eligius. Saint Eligius was a sixth century French metalworker and engraver of coins who later founded a monastery and a convent. He is patron saint of blacksmiths, watchmakers, and other metalworkers.
For more information, see also the related name Eli.