Meaning and Name Origin
Freddy \f-reddy, fr(ed)-dy\ as a name for boys (also used as girls' name Freddy) has the meaning "elf or magical counsel; peaceful ruler". Freddy is a derivative of Alfred (Old English). Freddy is also a variant of Fred. Freddy is also used as a variant of Frederick (Old French, Old German).
Freddy is a very popular first name for men (#533 out of 1220, Top 44%) but a rare surname for all people. (2000 U.S. Census)
Presented below is the birth name popularity of Freddy for boys. Freddy was first listed in 1920-1929 and reached its apex rank of #355 in the U.S. during the years 1940-1949, but is not in the list at the moment. (Top 1000 Birth Names Records, 2014)
Below is a graphed comparison of the popularity of the boy name Freddy and affiliated names. Avery (#186 last year), Frederick (#497), Alfred (#799), Fredrick, Fredrik, Fritz, Fredric, Frederic, Fred and Freddie are the prominent varying forms of Freddy. Adoption of these boy names was at its apex during 1930-1939 and is now much lower, with forms such as Freddy, Fredrick, Fritz, Fredric and Frederic becoming somewhat dated. Avery (#186) is the most contemporarily stylish boy name among these, with this name having a resurgence in usage. (Top 1000 Birth Names Records, 2014)