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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.
Word Origin and History for butterfly Expand. n. Old English buttorfleoge, evidently butter (n.) + fly (n.), but of obscure signification. Perhaps based on the old notion that the insects (or witches disguised as butterflies) consume butter or milk that is left uncovered. Or, less creatively, simply because the pale yellow color of many species' wings suggests the color of butter. Another theory connects it to the color of the insect's excrement, based on Dutch cognate boterschijte. An overview of words for butterfly in various languages can be found here. Also see papillon.