bangtail
noun
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The tail of a horse or cow, allowed to grow out and then trimmed horizontally so as to form a tassel; a horse or cow having such a tail.
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A racehorse.
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A prostitute.
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An envelope with a perforated flap on which promotional material is printed; the flap on such an envelope.
verb
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To shear off the hair horizontally at the end of a cow or horse's tail.