Since we can remember, butterflies have played a significant role in our lives. Do you wonder what does it mean if you see a yellow butterfly? The spiritual significance of the Yellow Butterfly will alter how you perceive this little insect. These flying insects have long been revered for their elegance and beauty, but to some, they represent freedom, life, renewal, and hope. The enchantment of butterflies is made possible by their brilliant hues and iridescent designs.