This is an ancient Egyptian symbol that was found throughout the LOST series, including in the Temple where the original smoke monster hid and where the Others hid from it. The symbol, an ankh, is called the Key of Life.
Originally, the Ankh was viewed as just meaning "life," but others believe it meant the
creation of Life itself. In the context of LOST, the island was once called the place for life, death and rebirth which the latter two elements infer an afterlife then a new external life after death.
Inscriptions in the Hibis Temple shows that the Egyptians knew of one creator but acknowledge they had used several names and several stories but the one arose out of the primordial ocean.
Amun, Atum, Khepri, or Re were actually different names for a single god. This changes the view of the Egyptian culture and aligns it clearly with most modern religions.
Further, new theorists believe that the different names are merely elements of the god. The Ankh not only is a symbol of Life but the elements that create life. Wherever the Ankh is translated in Ancient Egypt Literature it can be re-translated with the following insight: The Ankh is the Life Code; The Egyptian’s so-called “Infinities or Chaos” Gods: Amen/Amenet, Nun/Nunet,Kuk,Kukhet, Heh/Hehet – the Ogdoad; The Meaning of Life is no longer just a flat definition but a multi-dimensional definition of the scientific and possibly spiritual definition of how life was created itself.
This is not that far off from some of LOST's formula themes, including the Valenzetti Equation which proposed the doom and destruction of mankind and the Numbers being symbolic of keeping the the island's electromagnetic properties in check in order to save mankind from destruction.
The new interpretation of the Ankh symbol representing 8 scientific and spiritual elements as the foundation of Life itself has merit to the understanding of the island symbolism. The island was not a normal island. It moved. It had supernatural and spiritual elements. It had unique properties. It had immortal beings and unusual smoke creators who could shape shift. It could recreate memories of people.
The Ankh takes the shape of a cross with a loop on top, resembling a key. In the ancient language of Egyptians, the ‘ankh’ meant ‘life.’ It is considered one of the earliest and most popular hieroglyphic symbols from ancient Egypt. It is said that the loop on the ankh symbolized the feminine or the womb, while the cross symbolized the masculine or the penis. When the two are put together, life is formed. Many believe that the Ankh is also a symbol for water and air, which are life-giving elements. Because of this, many water vessels were formed in the shape of an Ankh.
Used as an amulet, the Ankh was believed to be able to grant the wearer long life and health. Ancient Egyptians even put ankhs in tombs to give energy to the resurrected spirit. It is said that the symbol can even carry on its power to anyone within a certain proximity to it. As such, it is believed to be a conduit for life or power that stems from the universe. The Ankh can also be used as a strong protection against evil, decay and degeneration.
We can see various elements depicted: man + woman = life; water, air (life giving elements); health (immunities and spiritual energy); and power from the universe (nature).
But one modern theorist has a different formula which adds elements to science expressions:
This formula touches upon numerous LOST themes and elements. Some felt that the island was itself a wave, since it could travel through time and space (along with wormhole and event horizon applications). The dark and light theme was in the forefront of the Jacob-MIB plot. The separation of the light and dark creates an evolutionary train of events which some could consider the spiritual awakening of the soul to transform into an afterlife being.