From the traditional folk song of the Southern United States, "The Yellow Rose of Texas". The Yellow Rose was Emily West Morgan, a mulatto. The term 'High Yellow' was used to describe non-Caucasian people whose skin color was so light, that they could pass for white. A high yellow female was sometimes referred to as a Yellow Rose.
"There's a yellow rose in Texas that I am going to see..."
by Saluton May 6, 2008
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A Yellow rose signifies the end of an affair; a goodbye.
Girl one: She laid a yellow rose on my boyfriends casket during the funeral! Right in front of me!

Girl two: That whore!
by I am the BATman dag nab it! November 12, 2009
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