To take pride in the fact that you are hated, persecuted, or criticized by someone you have no respect for. The person you have no respect for considers you a dick, but you proudly tout the moniker as a sign that you are, in fact, capable and reasonable. Such pride can be manifested by the moniker's recipient by a laminated badge on one's chest in the form of red male genitalia. Refers to Stephen Crane's civil war novel "Red Badge of Courage."
A: My boss is a total fuck-up-- I had to single-handedly save the project; yet he thinks I'M a dick. He gave me a horrible work evaluation. But I don't care, it's my Red Dick of Courage.
B: Ah, so that explains the penis on your lapel.
B: Ah, so that explains the penis on your lapel.
by Pete Schweddy March 28, 2011