Significance o Tying a Yellow Ribbon Display of a Yellow Ribbon is a sign of loyalty to family,friends or loved ones who are welcome home.Customarily it is used to welcome home men and women who have been away for a long time under particularly difficult circumstances such as war or prison. Significance of Tying a Yellow Ribbon Display of a Yellow Ribbon is a sign of loyalty to family, friends or loved ones who are welcome home. Customarily it is used to welcome home men and women who have been away for a long time under particularly difficult circumstances such as war or prison