1 definition by dryan81

... "hot" or stolen merchandise usually sold around the holiday time. These items are usually whatever is the latest thing to have, i.e., ipods, iphones, new kids toys, ect., ect.
"..you know you can cop that new ipod from Big Willie, he's always got that flim flam around this time...."
by dryan81 December 21, 2009
Get the Flim flam mug.