If you dream of wearing velvet, you will soon receive an award of some kind or be the subject of admiration. Other Explanations for VelvetContinue ExploringVelvet To dream of velvet, portends very successful enterprises.If you wear it, some distinction will be conferred upon you.To see old…Velvet Figurative of luxury; research the colorVelvet 1. Prosperous business ventures. 2. Regal and wealthy, honors bestowed. 3. Pleasurable sensations, softness, suppleness— usually emotional.Velvet Honor and riches (Artemidorus).