Weaver
A rare spelling variant of the Greek name Penelope. It is most famously associated with the faithful wife of Odysseus in Homer's Odyssey, who delayed suitors by weaving and unweaving a shroud.
Less common today
Penelopy isn't in the latest US Top 1000. It last peaked at #9,751 in 2018.
US births per 5-year period, 1990βpresent (SSA data).