The chequered flag is perhaps one of racing's most iconic symbols. Even the most casual of fans can recognise that the waving of it signals the end of a race.

However, thanks to a recent major breakdown in communication at the Canadian Grand Prix, fans can 'wave' goodbye to one of the sport's long-revered traditions - well, kind of.

At the end of the Canadian Grand Prix earlier this year, model Winnie Harlow threw the race into chaos after accidentally waving the chequered flag too early.

During the World Motorsport Council's recent meeting in Paris, it was decided that next year, a light signal will be the new indicator to mark the end of the race.

The iconic symbol will still keep its place in race-day proceedings. However, it'll only be as a visual token.

The FIA published a brief statement responding to the news.

They said: "The official end-of-race symbol will now be a chequered light signal, though the chequered flag will still be on display."

Straight to the point, we suppose...

The long-standing tradition has seen many celebrities wave the chequered flag on many occasions, including the likes of Indian cricket legend Sachin Tendulkar at the inaugural Indian Grand Prix in 2011.

However, Harlow isn't the only one who's been left red-faced by waving it at the wrong time. Brazilian football legend Pele waved it at the wrong time because he was chatting to officials at the 2002 Brazilian Grand Prix.

FIA Formula 1 race director Charlie Whiting has shed further light on the situation following his company's short statement that left plenty to the imagination.

He said: "The black and white chequered light signal has been around for three years, and the flag will still be there.

"But now the light will mark the official end of the race. It's partly in reaction to the incident in Montreal."