Xanax is a brand name for the drug alprazolam, a medication that is frequently prescribed to treat disorders such as anxiety and panic attacks. Blue Xanax Bars are available in oval and circular shapes; most blue Xanax pills contain 1mg of alprazolam, with the exception of the 2 mg bar; these pills come from some inactive ingredient that is used as fillers; thus, these colors are FDA approved and are safe for human consumption; blue football alprazolam gets its name from the oblong shape that is easy to ingest.