John Bowersox's dashboard

I am currently working to create a scaffold template that will be a status table. This table will have multiple columns with a drop down box in each that will contain options for each status. I would like to use some of the default Confluence icons to visually display that status. Is it possible to use images as list-options?

I'm trying to do something like this -

{list-option:(off)}To be determined{list-option}