Source : Webster's Revised Unabridged Dictionary (1913)

Flaunt \Flaunt\ (? or ?; 277), v. i. [imp. & p. p. {Flaunted};
   p. pr. & vb. n.. {Flaunting}.] [Cf. dial. G. flandern to
   flutter, wave; perh. akin to E. flatter, flutter.]
   To throw or spread out; to flutter; to move ostentatiously;
   as, a flaunting show.

         You flaunt about the streets in your new gilt chariot.
                                                  --Arbuthnot.

         One flaunts in rags, one flutters in brocade. --Pope.