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1.
A tent pitched on the top of a roof that brings hope to all those around it. Often used for smoking and/or relaxing.
Person 1: "Class sucked today. Nothing will make this day better."

French Friend: "Au contrair, my friend. We still have the beacon of hope!"

Person 1: "Oh wow! You're right. Let's go hang out in the beacon."
by brogate_bro December 11, 2010
 
2.
When playing Left 4 Dead you are the last person alive in campaign or Versus, and its your job to either revive the rest of the team up or make it to the safe room.
Go guy make it to the safe room you're our beacon of hope!
by doctor lollypop January 18, 2011