To cut; tailor
Taelor is a modern creative spelling of the English occupational surname Taylor. It originally referred to a person who cut and sewed cloth, derived from the Old French word 'tailleur'.
Less common today
Taelor isn't in the latest US Top 1000. It last peaked at #1,356 in 1999.
US births per 5-year period, 1990βpresent (SSA data).