The Rabi oscillations of a two-level atom illuminated by a laser on resonance with the atomic transition may be suppressed by the atomic motion through averaging or filtering mechanisms. The optical analogs of these velocity effects are described. The two atomic levels correspond in the optical analogy to orthogonal polarizations of light and the Rabi oscillations to polarization oscillations in a medium which is optically active, naturally or due to a magnetic field. In the later case, the two orthogonal polarizations could be selected by choosing the orientation of the magnetic field, and one of them be filtered out. It is argued that the time-dependent optical polarization oscillations or their suppression are observable with current technology.