What does the Olympic symbol (the rings) represent?
The colour in at least one of the rings (or the white background) can be found in the flags of every country in the world. It is a way to be inclusive. [Added in response to wickedwillie] That is true, but one should be careful not to assume a specific colour refers to a specific continent (i.,e. black for Africa, yellow for Asia, etc). http://multimedia.olympic.org/pdf/en_report_672.pdf “Combined in this way, the six colours of the flag (including the white of the background) represent all nations. It is wrong, therefore, to believe that each of the colours corresponds to a certain continent!