Raise flag (4)
I believe the answer is:
jack
I believe this is a double definition.
'raise' is the first definition.
(jacking is a kind of raising)
'flag' is the second definition.
(I know that jack is a type of flag)
(Other definitions for jack that I've seen before include "bowler rolls it" , "Man in navy" , "Device for raising car to remove wheel" , "Male donkey" , "Sailor; flag" .)