PENNANT
pennant, pennon, streamer, waft
(noun) a long flag; often tapering
pennant, crown
(noun) the award given to the champion
pennant
(noun) a flag longer than it is wide (and often tapering)
Source: WordNet® 3.1
Etymology
Noun
pennant (plural pennants)
A flag normally used by naval vessels to represent a special condition.
The broad pennant flown by commodores.
The church pennant indicating religious services are taking place aboard ship.
The commissioning pennant flown on ceremonial occasions.
(sports) The winning of a competition, represented by a flag.
A rope or strap to which a purchase is hooked.
A sandstone between coal measures in parts of South Wales
Usage notes
Not to be confused with pedant (one overly concerned with correctness), nor with pendant (a piece of jewellery).
Source: Wiktionary
Pen"nant, n. Etym: [OE. penon, penoun, pynoun, OF. penon, F. pennon,
fr. L. penna feather. See Pen a feather, and cf. Pennon, Pinion.]
(Naut.)
(a) A small flag; a pennon. The narrow, or long, pennant (called also
whip or coach whip) is a long, narrow piece of bunting, carried at
the masthead of a government vessel in commission. The board pennant
is an oblong, nearly square flag, carried at the masthead of a
commodore's vessel. "With flags and pennants trimmed." Drayton.
(b) A rope or strap to which a purchase is hooked.
Source: Webster’s Unabridged Dictionary 1913 Edition