Oh my lord. A family friend had a baby girl yesterday and named her Story Armella.
I love the name Story. It's not unheard of as a word name, and I think it sounds nice and has a nice meaning, along the lines of Fable, Sonnet, Lyric and Poet.
I know not everyone likes word names, but it's easy to say and spell, and the word doesn't have any negative connotations. I don't think it's going to hold her back in life (as PP have suggested....incredibly, you can make it through life as a successful adult, even if your name isn't Elizabeth).
Gah, I love Story! It's my #1 guilty pleasure name. I would never in a million years use it but I think it would be adorable on a small child and interesting on a grown woman.