The term VICTORY WREATH is composed of two words, 'VICTORY' and 'WREATH'. VICTORY is a noun that means the successful conclusion of a struggle or contest, while a WREATH is a circular band of flowers, foliage, or other material, used as an ornament or a symbol of VICTORY. The crossword solution for VICTORY WREATH is 'LAUREL', which is a type of evergreen shrub or tree with aromatic leaves that is often used to make wreaths. In ancient Greece, LAUREL wreaths were awarded to victors in athletic competitions and wars, and the phrase 'resting on one's laurels' is derived from this tradition.