1.an insanely large dildo(assorted colors) that is 10 inches in diameter and 2-1/2 feet long packaged in an american flag box emblazoned with the words "The Great American Challange"
2. a hilarious inside joke originating in Bradenton, Florida when one friend told another of a humongus purple dildo at a local "XTC" shop that was labelled "The Great American Challange" and packaged in an american flag box just because of its immense size
2.Mike: "hey william, do you want to take "The Great American Challange?"
William: "Hell yeah!"
Mike: "Haha! you're a faggot!"