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The last person, out of a group of friends, to have had sex with a new sexual partner. It is seen as a badge of honour, this because the "flag bearer" is often seen as the representitive of the groups sexual appeal and conquest as a whole.
Man 1: "Yo, man 2, flag bearer yet?"
Man 3: "As if he is! lol"
Man 2: "... does a blowjob count?"
Man 1: "No... but kudos on reaching 3rd base, though at this rate you'll never be flag bearer."
Man 3: "I bloody hope not! As if I'd let this loser be flag bearer for long! lol"
by The Flag Bearer September 11, 2009

Words related to Flag bearer

flag flagbearer sex sexual conquest