It's actually a ribbon, in the colours of a Palestinian flag.
Why? To show my support against the occupiers of their land...
Have you heard of the spoils of war?
Israel won that land fairly in a war launched by its enemies to exterminate it.
The 'Occupied Territories' refers to land lost by Israel's Arab neighbors, and gained by Israel, in the Six-Day War of 1967. They include Judaea and Samaria (previously occupied by Jordan, and now known as the 'West Bank'), the Golan Heights (previously occupied by Syria), and the Gaza Strip (previously occupied by Egypt). Interestingly, while these territories were conquered by Jordan, Syria and Egypt in 1948 to the time they were gained by Israel, the territories were not refered to as 'occupied' by the international community. Furthermore, the people living in those territories before 1967 were not called 'Palestinians' as they are today; they were called Jordanians and Egyptians.
HTH
More info here:
http://en.wikipedia.org/wiki/History_of_Palestine

