Literature Reference: 彩旄八佾成行，时龙五色因方。屈膝衔杯赴节，倾心献寿无疆。——《杂曲歌辞 舞马词 三》 Colorful banners and eight rows of dancers form a spectacle, while the five-colored dragons follow their course. Kneeling with cups in hand to the rhythm, they wholeheartedly offer endless blessings for longevity. Source from 'Miscellaneous Songs: Dance Horse Lyrics III'.
彩: Colorful and radiant. In names, it often signifies abundance and beauty, conducive to a life of joy and diversity.
旄: A banner adorned with yak tails, a symbol of ancient Chinese culture.
Meaning: The colorful banners symbolize magnificence and solemnity, often used to describe grand celebrations or ceremonies, implying auspiciousness, prosperity, and nobility.