The name Holfast is not directly explained, but it follows the pattern of Hamfast, which we know derives from Old English hámfoest, meaning 'home-fast' or 'stay-at-home'. Taking that as a model, and considering that Holfast Gardner was a Hobbit, his name can be inferred to come from a construction like holefoest. That would translate as 'hole-fast', describing one who prefers to stay at home in his Hobbit-hole.
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