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MarkTo my knowledge, the Pennants all simply say "Phillies" or "Philadelphia" (and I have been watching these for almost 20 years!) I have NEVER seen the words "Blue Jays" depicted on a Phillies pennant.
The Blue Jay variations are rare, and I am only aware of 4 different ones. There is one currently posted on the Buy/Sell/Trade link (sorry for the self-promo) which is perhaps the 2nd most common of the four (not that ANY are common; none, of course turn up very often...)
I would be curious to see what some long-time Phillies collectors have to say, as I am not even aware that the Phillies officially changed their name to Blue Jays (just the logo?)
Good topic!