Faye comes from the Middle English fay, meaning "fairy" — itself from the Old French fae, from the Latin fata (the Fates). The same root gives the modern English "fae" and the literary tradition of fairy folk.
Faye is rising rapidly in the 2020s as part of the broader return of short vintage names. The actress Faye Dunaway and the character Faye Valentine in Cowboy Bebop have kept it visible. Today it sits in the U.S. top 500.
Faye reduces to six — the number of small fae beauty.