Etymology
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Hollywood (n.)

region near Los Angeles, named for the ranch that once stood there, which was named by Deida Wilcox, wife of Horace H. Wilcox, Kansas City real estate man, when they moved there in 1886. They began selling off building lots in 1891 and the village was incorporated in 1903. Once a quiet farming community, by 1910 barns were being converted into movie studios. The name was used generically for "American movies" from 1926, three years after the giant sign was set up, originally reading Hollywoodland, another real estate developer's promotion.

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Definitions of Hollywood
1
Hollywood (n.)
the film industry of the United States;
Hollywood (n.)
a flashy vulgar tone or atmosphere believed to be characteristic of the American film industry;
Hollywood (n.)
a district of Los Angeles long associated with the American film industry;
2
Hollywood (adj.)
of or relating to the film industry in the United States;
Hollywood (adj.)
flashy and vulgar;
From wordnet.princeton.edu