The correct spelling of the name commonly pronounced as "Willam" is actually "William". The IPA phonetic transcription for the correct spelling is /ˈwɪl.jəm/, with the stressed syllable being the first one. The "i" and "a" in the name are pronounced as the short vowel sounds, while the "l" and "m" are pronounced normally. It's important to use the correct spelling of names to avoid confusion and show respect to the individual.
The name "Willam" does not have a widely documented etymology. It is a variant of the name "William", which has its roots in Old High German. "William" is a combination of the elements "wil", meaning "will" or "desire", and "helm", meaning "helmet" or "protection". Therefore, the name "William" can be interpreted to mean "resolute protector" or "desire for protection". However, "Willam" might have originated as a separate variation or regional spelling of "William" without significantly altering its meaning.