Breaking Bad Fans have their own flag so you can tell if someone loves breaking bad.
On the top and botton are light blue stripes representing the purpose of the whole project, blue meth.
Next going inward from the blue is two light pink stripes representing Jesse Pinkman, a major player in the operation.
And finally, a white stripe in the middle representing my man Walter White, the centre of the whole operation.

In reality it's the trans flag, referencing the fact that so many transgender people love breaking bad for reasons unknown. Is it just because the show casts such a wide net that there happen to be so many trans folks? Or is it something to do with Walter's struggles of identify between whether he is Walter White or Heisenberg as he tries to keep his old self, Walter White out facing the public and becomes his true self, Heisenberg when in private.
Could additionally be a reference to the wildly popular theory and headcanon that Jesse Pinkman is Transgender.

Since the inception of the Breaking Bad Flag, transgender fans of Breaking Bad have also used the words "Breaking Bad" itself as slang for something being trans or trans-coloured, especially in cases where one is not in a place to safely talk about trans things. One might say "Those dice are Breaking Bad coloured" or "I'm a big fan of Breaking Bad", but not really mean Breaking Bad.
Lucina: Yo look I got a Breaking Bad flag to go with my blahaj!
Lalo: You did not already have a Breaking Bad flag?
Kaitlyn: Wow, what a fake fan if you didn't have a Breaking Bad flag already.
Elizabeth: So true.
by Dracyan January 11, 2023
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