A racehorse.
A prostitute.
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.
An envelope with a perforated flap on which promotional material is printed; the flap on such an envelope.
To shear off the hair horizontally at the end of a cow or horse's tail.
A horse used as a pack animal.