Hebrew Meaning: The name Shane is a Hebrew baby name. In Hebrew the meaning of the name Shane is: Gift from God. American Meaning: The name Shane is an American baby name.In American the meaning of the name Shane is: Gift from God.Irish Meaning: The name Shane is an Irish baby name.In Irish the meaning of the name Shane is: Irish: God is gracious; gift from God.n American the meaning of the name Shane is: Gift from God. Irish Meaning: The name Shane is an Irish baby name. In Irish the meaning of the name Shane is: Irish: God is gracious; gift from God.