Paraskevi/Παρασκευή reflects the "Good Friday" which is a holy day in Christianity. Not just any-old "Friday," but a name with high religious overtones. The Greek naming tradition includes Stavros/Σταύρος meaning "cross", Anastasia/Αναστασία meaning "resurrection", and others. Such religious feeling is also expressed in Spanish with names like Santa Cruz or (Ciudad de) Los Angeles.
Paraskeve was a saint who was born on Friday and that's how she got her name, because Paraskeve means Friday in Greek. I praise this saint and wouldn't mind having this name. A short way to pronounce it, at least in Greece, would either be "Voula" and Paresa", for a girl, and "Paris", for a boy.
― Anonymous User 8/10/2009
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It means "holy preparation". Also means the day of the week "Friday" (hence you are preparing for church which starts Saturday).
If I am not mistaken, in this instance the masculine form derives from the feminine rather than the other way around. The word for "preparation" is Paraskeve (feminine).