Those prayer flags that you’ve hung at your desk and on your bike are not just some fancy accessory. Everything right from the color to the words on the flags has a deeper meaning. Prayer flags essentially carry our prayers via the wind to get them answered.The red, blue, yellow, white, and green represent elements like air, fire, water, and earth. White symbolizes air, red is fire. Green is water, yellow is earth, and blue is wind. They also represent directions – North, South, East, West, and Center.