Farlay \f(a)-rlay, far-lay\ as a boy's name is a variant of Farley (Old English), and the meaning of Farlay is "meadow of the sheep; meadow of the bulls".

The baby name Farlay sounds like Farly and Fairlay. Other similar baby names are Carley, Carly, Early, Earley, Faraj, Farag, Farrley, Farlow, Farlie, Farlee, Farnley, Farnly, Farran, Farrar, Finlay, Harley, Harly, Marley, Marly, Warley and Yarley.