Depending upon the context of your dream a flag may symbolize a chief, travel, status and improvement in your current conditions. A flag in dream is symbolic of a person or leader who is followed by the people. To dream that you are holding a flag suggests your company with a leader and you will get luxuries. To lose or drop a flag in dream suggests loss in luxuries. Alternatively a flag may also symbolize travelling. To dream that people have given you a flag or an army is assembled around you then it may be a sign of honor and statesmanship. To dream that you have a large white flag then it is a sign of your company with noble and elite person and he will also reward you. To dream that you have a green flag then it is a sign of your strict religious practice. To dream that you have a black flag in dream then it indicates that you will be appointed as judge or jurist or a lecturer.