The name Picabo is a girl's name of Native American origin meaning "silver creek". Picabo and is often added to lists like Names That Mean Water and discussed in our forums with posts like "Drop you least favourite (girls with middles)".
From the experts:
Olympic skier Picabo Street was allowed to choose her name at the age of three, and picked it possibly (a) after a nearby Idaho town or (b) because she loved to play peekaboo. No longer a single-person name, it is now worn by a number of satisfied bearers.