The Collaborative International Dictionary of English v.0.48:

Flaunt \Flaunt\ (fl[aum]nt or fl[add]nt; 277), v. i. [imp. & p.
   p. Flaunted; p. pr. & vb. n.. Flaunting.] [Cf. dial. G.
   flandern to flutter, wave; perh. akin to E. flatter,
   flutter.]
   To throw or spread out; to flutter; to move ostentatiously;
   as, a flaunting show.
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         You flaunt about the streets in your new gilt chariot.
                                                  --Arbuthnot.
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         One flaunts in rags, one flutters in brocade. --Pope.
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