Source : Webster's Revised Unabridged Dictionary (1913)

Velleity \Vel*le"i*ty\, n. [F. vell['e]it['e] (cf. It.
   velleit[`a]), fr. L. velle to will, to be willing.]
   The lowest degree of desire; imperfect or incomplete
   volition. --Locke.

Source : WordNet®

velleity
     n 1: a mere wish, unaccompanied by effort to obtain
     2: volition in its weakest form