This flag was an entry to a contest posted on Twitter to redesign Michigan's state flag.
Blue Fields = Peninusulas surrounded by the Great Lakes
White Stripe = Mackinac Bridge joining two great peninusulas
Gear = Michigan's industry, 26 cogs to represent Michigan being the 26th state (Tree is #26)
Tree = Michigan's logging history and great forrests
Compass = Discovery and navigation (not only geographical but also through Michigan's rich history pointing North and onward)
Water Drop = Michigan's many natural resources and great outdoors