A: very poorly made
C: bugged out to all hell (refering to a game)
D: not getting what you paid for
Bill: "Man you got flagshipped"
Tom: "Wow man i just bought a brand new xbox360 and i got the three red rings as soon as i turned it on!!!"
Bob: "Heh sounds like you got flagshipped"
Billy: "I just bought the new hellgate: london game and gave them $10 subscription fee right after i got it, not only did they take out 100USD more then they were suppose to, but there would have been no difference if i would have just not payed the $10 and played for free"
Dan: "HAHAHAHA, damn dude you totally got flagshipped"
Ron: "I bought a game today i cant even play it because it keeps crashing, and even when its not crashing im getting really bad lag on my $10000 computer i just bought yesterday!"
Alan: "Flagshipped, hahahaha"
It usually references to the fact that many of the game's features are currently broken, or bugs causing the player to be set back after doing a fair bit of work for a meager reward.
The example below shows just one of the many broken features. The current maximum character level a person can level their character to is fifty. However, there are many items dropping through the later stages of the game that are well beyond level fifty, many going into level seventy and higher character level requirements.
Player2: What is the character level requirement?
Player2: You got flagshipped!
troll: lol, flagshipped!
victim: I traded for an item with another player and I lost 1.7 million palladium as the game truncated my money at 9,999,999!
troll: ahaha, flagshipped!
victim: I paid $150 for a lifetime subscription as it would include special event quests and items for holidays, but the biggest holiday there is, Christmas, had none!
victim: I just had a cool unique item drop from the boss I killed, but the item says "subscriber only"? Wtf is this, shareware loot? I can't even trade it to a subscriber!
troll: Yep, you got flagshipped.
victim: I unsubscribed recently, but now I'm stuck with the subscriber transmogrifier cube item taking up a lot of space in my inventory that I can't use and I can't drop or destroy!
troll: That's what you get for paying to be flagshipped.
To have a deal broken or contract unfulfilled.
Man 2: Damn man, you got Flagshipped!