What's the meaning of the Ubuntu logo? Where does it come from?

Solution 1:

Ubuntu means "an ethic or humanist philosophy focusing on people's allegiances and relations with each other". And the logo is a graphical representation of 3 people holding their arms out, making a circle. See these 2 images:

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So the logo is perfectly describing the word Ubuntu.

Solution 2:

The Ubuntu logo is called "circle of friends", read following reference may be will interest to you.

- http://www.ubuntubuzz.com/2011/08/20-thing-should-know-about-ubuntu.html