Etymology
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holly (n.)

evergreen shrub especially used for decoration at Christmas, mid-15c., earlier holin (mid-12c.), shortening of Old English holegn, holen "holly," from Proto-Germanic *hulin- (source also of Old Saxon, Old High German hulis, Old Norse hulfr, Middle Dutch huls, Dutch, German hulst "holly"), cognate with Middle Irish cuilenn, Welsh celyn, Gaelic cuilionn "holly," probably all from PIE root *kel- (5) "to prick" (source also of Old Church Slavonic kolja "to prick," Russian kolos "ear of corn"), in reference to its leaves. French houx "holly" is from Frankish *huls or some other Germanic source.

updated on August 06, 2015

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Definitions of holly from WordNet
1
holly (n.)
any tree or shrub of the genus Ilex having red berries and shiny evergreen leaves with prickly edges;
2
Holly (n.)
United States rock star (1936-1959);
Synonyms: Buddy Holly / Charles Hardin Holley
Etymologies are not definitions. From wordnet.princeton.edu, not affiliated with etymonline.