When you see a flashing yellow traffic signal at the next intersection, you should:

• Slow down and approach the intersection with caution, as the flashing yellow light is a warning to be careful but does not require you to stop

• Scan the intersection for pedestrians, cyclists, and other vehicles. Be alert for any hazards or oncoming traffic that may have the right of way

• Yield to oncoming traffic and pedestrians if necessary, especially if you are making a left turn. The flashing yellow arrow specifically means you may proceed with a left turn only after yielding to oncoming traffic and pedestrians

• Proceed through the intersection only when it is safe to do so, maintaining caution because other drivers might misinterpret the signal or fail to yield

In summary, a flashing yellow light means "proceed with caution" rather than stop. It indicates that traffic signals may be out of normal operation or that you must yield before going, depending on the context (such as a flashing yellow arrow for left turns)