From The Collaborative International Dictionary of English v.0.48:

Valhalla \Val*hal"la\, n. [Icel. valh["o]ll, literally, hall of
   the slain; valr the slain (akin to AS. w[ae]l, OHG. wal
   battlefield, wuol defeat, slaughter, AS. w[=o]l pestilence) +
   h["o]ll a royal hall. See Hall, and cf. Walhalla.]
   [Written also walhalla.]
   [1913 Webster]
   1. (Scand. Myth.) The palace of immortality, inhabited by the
      souls of heroes slain in battle.
      [1913 Webster]

   2. Fig.: A hall or temple adorned with statues and memorials
      of a nation's heroes; specifically, the Pantheon near
      Ratisbon, in Bavaria, consecrated to the illustrious dead
      of all Germany.
      [1913 Webster] Valiance
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