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.

Flaunt \Flaunt\, v. t.
   To display ostentatiously; to make an impudent show of.

Flaunt \Flaunt\, n.
   Anything displayed for show. [Obs.]

         In these my borrowed flaunts.            --Shak.

Source : WordNet®

flaunt
     n : the act of displaying something ostentatiously; "his
         behavior was an outrageous flaunt"
     v : display proudly; act ostentatiously or pretentiously; "he
         showed off his new sports car" [syn: {flash}, {show off},
          {ostentate}, {swank}]