Crossword Genius

Gay miss who waves about? (7)

Ross

I believe the answer is:

flapper

I'm a little stuck... Click here to teach me more about this clue!

'gay miss' is the definition.
'flapper' can be an answer for 'miss' (flapper is a kind of miss). I am not sure about the 'gay' bit.

I can't explain the rest of the clue.

Can you help me to learn more?

(Other definitions for flapper that I've seen before include "Fashionable young woman of the 1920s" , "one inclined to panic" , "Unconventional young woman in the 1920s" , "girl in 20s" , "fashionable female in twenties" .)

I've seen this clue in the Sydney Morning Herald.
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