For reference, here is a dreidel:
The letters on the dreidel are as follows:
- נ (nun)- this stands for the word נס (nes), which means "miracle"
- ג (gimmel)- this stands for the word גדול (gadol), which means "great" or "big"
- ה (heh/hey)- this stands for the word היה (hayah), which means "occured" or "happened"
- ש\פ (shin or pey) which either stand for שם (sham), which means "there" or פה (po), which means "here". The usage of ש vs פ depends on whether you are celebrating inside or outside Israel,
Together, they stand for the prase "A great miracle occured here/there"