Hold one shape in mind: a strip of cloth that starts wide at the pole and to a point, snapping in the wind. It is made to be seen from far away and read at a glance. On a ship that glance is a message; on a fence or a bedroom wall it is a name, a class, a team.

可以先記住一個形狀:一條布,靠旗桿那端比較寬,另一端收成一個尖角,在風裡啪啪作響。它天生就是給遠處的人看的,一眼就要讀懂。在船上,那一眼傳的是訊息;掛在圍籬上或臥室牆上,那一眼傳的是身分——哪一班、哪一隊、誰在船上。這個「一面旗代表一個身分」的畫面,也是棒球那個用法的起點。

From the word’s history

Wiktionary traces pennant through Middle English penon and Old French penon to Latin penna, a feather, and links it to pennon and pinion. A feather is long, thin and pointed, which is the shape of the flag.

根據 Wiktionary,pennant 經由中古英文 penon、古法文 penon,回到拉丁文 penna(羽毛),同一家族還有 pennon 和 pinion。羽毛細長、末端收尖,正好就是這種旗子的形狀,字義和形狀對得很準。

Wiktionary entry for pennant (packet evidence kaikki:3f6f69a190036ae4:467429863): From Middle English penon, Old French penon, from Latin penna (feather).

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