I used to do the V-sign when I was in elementary school, but as I grew older, I stopped using it. It was cute when you're young but when I see grown-ups doing it, that's childish, in a funny way... I mean, once awhile is alright, but posing with the sign in almost every picture... that's ridiculous!
As for the history of the sign, there are many different meanings. Like some of the replies, it depends on where you're from and your culture. To some people, the sign means victory; to others, it's a peace sign; but it may be insulting to some. Or someone just simply wanted two beers at a bar
InsultingQUOTE
The UK insulting version of the gesture (with the palm inwards) performs a similar social function to "the finger". The "two fingered salute", or "bowfinger", as it is also known, is commonly performed by flicking the V upwards from wrist or elbow. "The finger" is traceable to Roman times, but may be unrelated in origin, as the insulting V sign is largely restricted to the UK, Ireland, New Zealand, Australia, and Spain, where it is popular among taxi drivers in Madrid. The insulting V sign is not widely recognized in the United States.
...
In Australia, the gesture is known as "the forks", as in "he gave me the forks", being an obvious reference to the resemblance of a fork by the protruding fingers. "The forks" also alludes to the verbal insult "get forked" (the polite version of "get f*cked") which the palm-in V-sign is also taken to mean. It is also occasionally known, as in the UK, as "the two fingers" or just "the fingers". Also in the UK, but specifically in Scotland (where this gesture is known commonly as the 'Vicky'), the fingers have come to mean the highly insulting, "Go take a flying f*ck." The UK usage is such that "V sign" is almost uniquely reserved for the insulting gesture, "peace sign" or "victory sign" being used for its alternative meanings.
[source:
Wiki's definition of the V-Sign]
On that same page [Wiki] the sign is also seen as a symbol for peace and/or for victory. Yet, on a different note, the V-sign is viewed as a symbol for satanic cult. It has relations with the Masonic society, the Illuminati, communist parties, and others of "Satanism" nature. Of course, this is in the view of Christian believers, and it may be only one of many Christianity's view on the matter, but what you choose to believe is up to you.
QUOTE
The signal "actually began as a symbol of Satanic benediction during the rituals.'' This sign has been used by Yasser Arafat, Richard Nixon, Winston Churchill, and Stewart Meacham, Co-Chairman of Reds' New Mobilisation Committee." Churchill said that the sign stood for victory but remember that Churchill was one of the insider "elite" and a Mason. He most likely knew the evil significance of this symbol but tried to give it a facelift.
The "v sign" has a colourful history. "V" is the Roman sign for the number five and Adam Weishaupt used it in the Illuminati to symbolise the "Law of Fives,'' but there's more. In the Cabala: "the meaning for the Hebrew letter for V (Van) is 'Nail.' Now, 'The Nail' is one of the secret titles of Satan within the Brotherhood of Satanism. Satan is letting us know that this is one of his favourite signs. Why else does he like the PENTA-gram (Penta = five!) and the FIVE-fold salute used in Masonry and Witchcraft?''
Furthermore: "The Leftists, radicals, and Satanists who have popularised that sign...know its ancient significance very well. In fact, that 'V' sign is now used extensively by such Communist organisations as the Young Socialist Alliance, Vets for Peace in Vietnam, and the Students for a Democratic Society."
[source:
Christians' view of the V-sign]
And alas, in Dan Brown's book "Angels and Demons", he mentioned that the V-sign represents the Goddess of Fertility. The sign derived from some of the many art pieces from the Upper Paleolithic and can be seen on Old European pottery [6000-4000 BC]. Thus, when someone poses with the v-sign, they're hoping for fertility.
[source:
Goddes of Fertility ... search for either Goddess of Fertility or v-sign]
I apologize if my post is too long.