"flags" in the noun sense
1. flag
emblem usually consisting of a rectangular piece of cloth of distinctive design
2. masthead, flag
a listing printed in all issues of a newspaper or magazine (usually on the editorial page) that gives the name of the publication and the names of the editorial staff, etc.
3. iris, flag, fleur-de-lis, sword lily
plants with sword-shaped leaves and erect stalks bearing bright-colored flowers composed of three petals and three drooping sepals
4. flag, signal flag
a rectangular piece of fabric used as a signalling device
5. pin, flag
flagpole used to mark the position of the hole on a golf green
6. flag, flagstone
stratified stone that splits into pieces suitable as paving stones
7. flag
a conspicuously marked or shaped tail
"flags" in the verb sense
1. flag
communicate or signal with a flag
2. flag
provide with a flag
"Flag this file so that I can recognize it immediately"
3. sag, droop, swag, flag
droop, sink, or settle from or as if from pressure or loss of tautness
4. flag
decorate with flags
"the building was flagged for the holiday"
5. ease up, ease off, slacken off, flag
become less intense
Source: WordNet® (An amazing lexical database of English)
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