What is the meaning of the word "v sign"?

The meaning of the V sign is highly context-dependent, and its interpretation can vary significantly across different cultures and situations.

Definitions:

A hand gesture in which the index and middle fingers are raised and parted, while the other fingers are clenched; it has various meanings, depending on the cultural context, the way it is presented, and the intent of the person making the gesture. NOUN
Used to mean 'victory' or 'peace'. NOUN