Penguins are often considered comical characters in dreams because of their waddling gait when on land or ice. They live in the southern hemisphere, and although most people think they are found only in Antarctica, some live in much more temperate zones. The Galapagos penguin, for instance, lives near the equator. Penguins appear rarely in people's dreams. If you do happen to dream of penguins, it's a sign that you are suffering from stress and pressure. Although you are managing to handle it, a day or two off would do you a world of good.