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五祖拳 is a martial arts concept (or school) known as Five Ancestors' Fist.
The first character means five.
The second means ancestor, forefather, or grandparents.
The third means fist.
The ancestors referred to by this title and whose attributes contribute to this style are as follows:
1. Grace of the White Crane.
2. Agility of the Monkey.
3. Precision and skill of Emperor Taizu (great mythical ancestor).
4. Power of Luohan (Buddhist arhat).
5. Breath of Damo (founder of Buddhism, or the first Buddha).