What Are Teardrop Flags and How to Use Them Effectively Pennant flags hold significant cultural representations across various societies around the world. In many cultures, these flags are used as symbols of unity, identity, and pride. For instance, in Japan, "nobori" flags are a common sight during festivals and ceremonies, symbolizing good fortune and celebration. Similarly, in Caribbean countries like Jamaica and Trinidad and Tobago, brightly colored pennant flags are often seen during traditional events and carnivals, representing the vibrancy and diversity of their cultures.