Spiritual Meaning:
The laurel or bay tree symbolizes chastity and eternity. It also suggests immortality.

Psychological / Emotional Perspective:
The laurel wreath is often used to indicate triumph and victory and, therefore, is an acknowledgement of success. Traditionally, the laurel or bay is difficult to grow, so it will symbolize triumph over difficulty.

Everyday Material Aspects:
The laurel or bay tree is less likely to appear in dreams nowadays with a mundane explanation, unless the dreamer is either a gardener or has a particular knowledge of symbolism. In former times, it would have represented a specific type of success.