The Tibetan Bike Flag as per Buddhism, Tibetan Flags are used for prayer, hence they are called Buddhist Tibetan Prayer Flag. Everything from the mantra written on those flags to their color has a deep meaning. Actually, there is a belief in Buddhism that these prayer flags essentially carry our prayers through the air. These flags are believed to spread peace, kindness, strength, and intelligence in the atmosphere through the air, due to which positivity flows everywhere.