Another meaning for Moe in Japanese is the slang term for the fuzzy feeling you get when you watch a character (usually in anime). So if you think your child might go to Japan some day, or meet someone Japanese or who likes Japanese culture, then avoid this name, because they might get teased. Or adored.
― Anonymous User 11/23/2006
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I would also like to add that this is actually a "fangirl" expression. Now, it is more commonly used for yaoi (gay) love, especially in anime (it is recurrent in the anime Ouran). And I also do not recommend anyone to give this name to their child. Although it sounds cute, there is a huge risk of your child being teased, or being savagely chased around by yaoi fanatics.