Best Answer: The teardrop tattoo or tear tattoo is a symbolic tattoo that is placed underneath the eye. The tattoo has several connotations.Teardrop tattoos usually signify the loss of a friend or loved one.his Site Might Help You. RE: What does the tear Tattoo under eye mean? ok, I hear people saying that if someone has a tear drop Tattooed under the eye that means they lost a loved one or killed someone?