Flaggy

A flap of skin which hangs open and wiggles around.

Man, what did you do to your finger?
I cut it on that knife.
Look at that flaggy skin!

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flaggie

A little flag that you put on your bag after you visited that particular country.

Dude 1: Yo, bring me back a flaggie from Jamaica.
Dude 2: Go get it yourself!

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Flaggy Supreme

The worst insult known to man. Saying this to someone will make the person immediately die.

Person: Man, you’re gay!
You: You’re a FLAGGY SUPREME!
Person: Oh no, I don’t feel so goo-

flaggy wap

A loose vagina

That girl has such a flaggy wap

flaggy day

Old military expression, dating back to Revolutionary War times. Everybody would try to shoot the guy carrying the flag into battle, as he was a big target. Having a flaggy day means everybody is out to get you, you're having a bad time, or life is just generally rough today.

Everybody in that meeting was really ganging up on me, I'm having a really flaggy day today.