1. A phallic symbol. 2. Great effort yields little “fruit.” 3. Good luck. 4. Bad luck (banana peel). Related DreamsBanana The yellow indicates fearfulness involvedBanana Symbolic of a delicacy or good spiritual fruit in your lifeBanana Republic Symbolic of the countries of Guatemala and Honduras (a call to prayer)Banana Eating bananas in a dream is a very old prediction of a minor illness. If thy are overripe, boredom with work or partner.