Something pink on flag I'm waving (8)

I believe the answer is:

flamingo

'something pink' is the definition.
(I know that flamingo are usually pink)

'on flag i'm waving' is the wordplay.
'waving' is an anagram indicator (letters wave around).
'on'+'flag'+'im'='onflagim'
'onflagim' is an anagram of 'FLAMINGO'.

(Other definitions for flamingo that I've seen before include "Long-legged wader" , "Pink wader" , "Pretty bird" , "colourful bird" , "Exotic bird" .)

I've seen this clue in The Telegraph.

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