Of Old English, Norman French origin.
It was used as an English and Scottish surname.
It meant foreigner or Welsh in Norman French.
People started to use it as a given name in order to honor Sir William Wallace.
He was a Scottish hero who fought against English invaders in the Scottish War of Independence, during the 13th century.
Alternative form of the name is Wally.
Famous bearers are Wallace Spearmon, Wallace Shawn, Wallace Langham, Wallace Roney, Wallace Carothers, Wallace Beery.