Source : Webster's Revised Unabridged Dictionary (1913)

Fly \Fly\, v. t.
   1. To cause to fly or to float in the air, as a bird, a kite,
      a flag, etc.

            The brave black flag I fly.           --W. S.
                                                  Gilbert.

   2. To fly or flee from; to shun; to avoid.

            Sleep flies the wretch.               --Dryden.

            To fly the favors of so good a king.  --Shak.

   3. To hunt with a hawk. [Obs.] --Bacon.

   {To fly a kite} (Com.), to raise money on commercial notes.
      [Cant or Slang]