Correct spelling for the English word "Phyllip" is [fˈɪlɪp], [fˈɪlɪp], [f_ˈɪ_l_ɪ_p] (IPA phonetic alphabet).
The name Phyllip is derived from the Greek name Philippos, which is composed of two elements: phílos meaning friend or lover and hippos meaning horse. Therefore, Phyllip can be understood to mean lover of horses or friend of horses.