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Below is traditional meaning

Saraswati (Sanskrit: सरस्वती, Sarasvatī) 

Is the Hindu goddess of knowledge, music, art, wisdom, and learning. ... 

The earliest known mention of Saraswati as a goddess is in the Rigveda. 

She has remained significant as a goddess from the Vedic period through

modern times of Hindu traditions.

Saraswati, is a Sanskrit fusion word of saras (सरस्) meaning "pooling water", but also sometimes translated as "speech"; and vati (वती) meaning "she who possesses". Originally associated with the river or rivers known as Saraswati, this combination, therefore, means "she who has ponds, lakes, and pooling water" or occasionally "she who possesses speech". It is also a Sanskrit composite word of surasa-vati (सुरस-वति) which means "one with plenty of water"