A famous bearer of this name: Velma Kelly, the sinful character in the Broadway musical Chicago. Catherine Zeta-Jones won an Oscar for her portrayal of this character in the film version of the musical.
-- Anonymous User 11/3/2005
Velma is one of the girls in the "Scooby Doo" cartoon series.
Sounds very American (in some cases Canadian) to me, but it's an old-fashioned name, one which I find hideous. I don't think this name is ever likely to shake off its Scooby Doo associations, for some associations tend to be around for eternity. I don't think any cool girl of the future will be given this name but they'll probably have other names - one of them probably being Daphne, which isn't as strongly associated with Scooby Doo as Velma is.
This name doesn't really sound modern to me. It sounds like Selma and Thelma, which sound old-fashioned. This sounds like the name of a rather unattractive, obese middle-aged woman. In the 70s. Not a pretty name.
Also, I'd like to say that I don't think that Velma is a variant of Wilma at all, but actually it is more likely to be a variant of Valda, which means "power" or "rule", or a variant of Velda, which means "inspired" or "wise". Most likely the latter, in fact, and other sources agree. :)