From the experts:
Velvet is a name that couldn't possibly be softer or more luxuriant. Many people have fond memories of it via the character of Velvet Brown, played by the young Elizabeth Taylor in National Velvet, an intrepid young woman willing to masquerade as a boy to race her horse in a dangerous steeplechase.
Velvet actually had a brief sojourn on the Social Security list, from 1961 to 1964. Now, double trending as both a 'V' name and a word name might give Velvet a boost.