Dreaming that you are waving good-bye with a handkerchief means your social downfall. You will be disgraced in some way.
Dreaming that you lose you handkerchief indicates a separation with your lover.
Dreaming that you handkerchief is soiled or torn indicates that there is little likelihood of a reconciliation between you and your lover.
Easton Bible Dictionary
Definition:
Only once in Authorized Version (Acts 19:12). The Greek word (sudarion) so rendered means properly "a sweat-cloth." It is rendered "napkin" in John 11:44; 20:7; Luke 19:20.