Encourage Baby To Find The Magic In Every Day With This Old English Name. Alwin Means "elf" Or "magical Being" And Is A Variant Of Alvin, Which Comes From The Lord Of The Rings-esque Aelfwine. It Comes From The Germanic Name Alboin, From The Words albi, meaning "elf" And wini, Meaning "friend." Alwin Might Also Mean "noble Friend," Coming From The Old High German Terms adal, Meaning "noble," And wini, Meaning "friend." In Folklore And Mythology, Elves Are Often Seen As Supernatural Creatures With An Ethereal Beauty, Giving This Name A Sort Of Whimsical Charm.