From Old English æðel (noble) and ric (ruler), meaning noble ruler or king.
Elric descends from the Old English name Ælfric, a compound of "ælf" (elf) and "rīc" (power or ruler), making its literal meaning something like "ruler of elves" or "elf-powerful." In Anglo-Saxon England, this was a name of genuine prestige: Ælfric of Eynsham (c. 955–1010) was one of the most prolific and important prose writers of the period, producing homilies, saints' lives, and a Latin grammar that shaped English literacy for generations.
The name reflects the era's belief that elves were not whimsical creatures but potent supernatural forces whose favor was worth invoking in a name. Elric's modern resonance, however, is overwhelmingly shaped by the fantasy fiction of Michael Moorcock, who introduced Elric of Melniboné in 1961. Moorcock's Elric — albino emperor, soul-drinker, wielder of the cursed black sword Stormbringer — became one of the most influential antiheroes in the history of fantasy literature.
Where Tolkien's world is one of eucatastrophe and euclidean moral clarity, Moorcock's Elric inhabits a multiverse of entropy and chaos, his every victory purchased at devastating cost. The character shaped an entire counter-tradition in fantasy and influenced generations of writers, musicians (including early heavy metal artists), and game designers. As a given name today, Elric occupies a comfortable niche among parents who love fantasy literature and medieval history equally. It sounds unmistakably ancient — rooted in real history — while carrying the dark, romantic charge of one of fiction's great tragic figures.