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'The Yellow Butterfly' Symbolism. Meaning of Yellow butterflies when seen in DREAMS. There are two ways to interpret the meaning of yellow butterflies when seen in dreams. If the dream is a happy one, it means that the person is in for some fun and frolic. It is the time to make merry. Happiness and prosperity are just round the corner.
A symbol of hope and new life. The butterfly is a symbol of hope, the symbol of new life. and the symbol of those who are bereaved. Before it. becomes a butterfly, though, it must spend time in a. cocoon. We have to grieve, hurt, cry, be angry and struggle to. free ourselves from the cocoon of grief. And one day we.