A pennant is a commemorative flag typically used to show support for a particular athletic team. Pennants have been historically used in all types of athletic levels: high school, collegiate, professional etc. Traditionally, pennants were made of felt and fashioned in the official colors of a particular team. Often graphics, usually the mascot symbol, as well as the team name were displayed on pennants. The images displayed on pennants were either stitched on with contrasting colored felt or had screen-printing. Today, vintage pennants with rare images or honoring special victories have become prized collectibles for sporting enthusiasts. While pennants are typically associated with athletic teams, pennants have also been made to honor institutions and vacation spots, often acting as souvenirs.