The V sign is a hand gesture in which the first and second fingers are raised and parted, whilst the remaining fingers are clenched. In the United Kingdom and some other English speaking countries, it is an obscene insulting gesture of defiance when performed with the palm facing inwards. During World War II, Winston Churchill popularised its use as a "Victory" sign (for V as in victory) initially with palm inwards and later in the war palm outwards. In the United States, with the palm outwards, and more recently, occasionally inward as well, it is also used to mean "Peace", a meaning that became popular during the peace movement of the 1960s.
The insulting version of the gesture (with the palm inwards) is often compared to the offensive gesture known as "the finger". The "two-fingered salute", or simply "the two", as it is also known, is commonly performed by flicking the V upwards from wrist or elbow.
https://en.wikipedia.org/wiki/V_sign
Also, Concert video from gig played in Zagreb, Croatia for the anniversary party of Radio 101 (an alternative radio station). 19 tracks are played, including interview footage.
http://www.imdb.com/title/tt0442774/