I've taken a list of English words, and examined each of them to see what they sound like (using the PHP metaphone function). This page lists the most common metaphone codes, along with their words. You can also search for a word of your own, and see which words sound similar - and which ones rhyme, and which ones alliterate.
killie kill collie quillai kail kale kilo quillaia guile kelly quill callee coolie galley goalie gulley
billie mollie nellie collie wellie challie gillie wallie killie willie ghillie lie volley callee coolie tuille ghoulie alley belle villi mealie mallei milieu gulley villae faille felloe mulley taille galley hoolie tulle allee mallee boulle belie fille duelli wheelie celli goalie plie bailie mille lieu bullae rouille doolie quillai nielli pulley pallia pollee rille cellae selle valley mouille woolie phalli chilli