A one night stand usually accomplished by an alpha male upon an unsuspecting overly accessorized female.
Example 1. Character A, "I had a bling fling the other night with the counter girl at the high-end store at the mall. We did it at her parents house while they were home.
I had to hold my hand over her mouth so she wouldn't wake them up."
Character B, "Dude you talkin FNL?"
Character A, " I said bling fling didn't I?"
Example 2.
"Look at that pretentious chick over there. She should wear a flashing neon sign that says bling fling."