You cannot create different "variable names" but you can create different object properties. There are many ways to do whatever it is you're actually trying to accomplish. In your case I would just do
for (var i = myArray.length - 1; i >= 0; i--) { console.log(eval(myArray[i])); };
More generally you can create object properties dynamically, which is the type of flexibility you're thinking of.
var result = {}; for (var i = myArray.length - 1; i >= 0; i--) { result[myArray[i]] = eval(myArray[i]); };
I'm being a little handwavey since I don't actually understand language theory, but in pure Javascript (including Node) references (i.e. variable names) are happening at a higher level than at runtime. More like at the call stack; you certainly can't manufacture them in your code like you produce objects or arrays. Browsers do actually let you do this anyway though it's terrible practice, via
window['myVarName'] = 'namingCollisionsAreFun';
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