Pronunciation: [væˈliv]
Etymology: Valliyv was originally the ship that the Sailing V (Sailing Valli Ship -- a ship in the story Kaeva) was named after, and it was named after the world of Valliyv (actually, it was the other way around). Elonia in Donkeytale says it's the name she usually uses for cities in games.
More information can be found at http://donkeytale.x10host.com/organizations/kerns/confederation/samv/valliyv/.