*What does the symbols on the VI flag stand for i.e...olive leaf, eagle?

The current flag of the U.S. Virgin Islands was officially adopted in 1921.

As an unincorporated territory of the United States, the island's flag features parts of the U.S. seal. One eagle claw holds three arrows, representative of the three major islands, while the other claw holds an olive branch.

and more information on [flagspot.net]

You forgot this part!
"Recently Blanche Sasso from the US Virgin Islands could celebrate her 105th birthday. "In 1921 she embroidered the first U.S. Virgin Islands flag with her sister, Grace Sparks. The flag design was done by Sparks' husband", as the news report states."

My Grandfather Percival Wilson Spoarks designed the flag. The naval Governor at the time saw him doodling a lot while he went about his job as a naval clerk in the office and asked him to design it!

RL