A loose flap of skin, hanging from a persons anal area. Sometimes In the appearance of a pouch that may flap if blown by the wind. Can be tied up with a a hair lackey.
A play on the name of Flagship Studios; the developers behind the critically slammed Hellgate: London series.
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.
Player: I just found an awesome unique Arclight Fusion Rifle for my Engineer!
Player2: What is the character level requirement?
Player: 51.
Player2: You got flagshipped!
A Sea Flap Flap is basically a stingray, internet people call them such name for the sound it makes "flap flap" and because of the origin in which it was found in, the "sea". Therefor its rightful name is sea flap flap
Me: um no,
Me: its in the water how can it be either,
Him: ....
Him: its Flapping like crazy
Me: its called a stin..
Him: a fuckin sea flap flap
Me: -__- sure its a sea flap flap