What does Nacho Libre mean even loosely translated?

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Nacho is a diminutive of Ignacio, a common name widely used by

Spanish-speaking people. The name is a variation of the Latin

Ignatius and means fiery. The translation into English of the world

'libre' is free.' Accordingly, the proper translation of the

movie's title is 'Ignacio the free man', which was Nacho's name as

a wrestler.

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However, since the theme of the

movie is 'lucha libre,' free [style] Wrestling, the name could also

have connotations to it. I personally prefer the former meaning

because during the day Nacho was subject to the benevolent tyranny

of the monastery rules, but in the ring he was free to be himself.

I hope this help.