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I believe it is a broken lance, the cross piece on the horse's front legs are the section where the knight held it under his arm during the charge. Just my take on it.
 

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In heraldry, a horse signifies readiness to serve the monarch. The broken spear signifies a warrior slain in battle. By carrying the spear, this warhorse is continuing the fight for his fallen rider. It's a fitting symbol, considering the indomitable spirit of inventor and entrepreneur Samuel Colt!"
 

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I always took it to mean that Colt (aka, the firearm) made all edged weapons obsolete

and the broken spear was the proof
 

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He ask what does it mean or represent not what is it!
No, the question was "What are those things?" The question was answered by stating those "things" are the two parts of one broken lance. The link provided by A1A gives more detailed information about the Rampant Colt logo, and touches somewhat on the "...what does it mean..." issue.
 

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