Australia. It means "Southern" continent. I think. Or in Aborigine, "white people found us."
Transylvania means...."Dracula Was Here".
Cyprus = island of idiots. Hence the term Cypriots. The word idiot is derived from them.
America = name of map maker, Amerigo Vespucci. Sailors referred to the New World map by his name. The name stuck...but with a bit of a slight modification. Prisoners were also sent there....like Australia.