Gary,
That red thing on the leach is an Ohio State University flag. We were in Florida during the days leading up to the National Championship game (Miami vrs OSU) and thought it would be fun to fly the colors in enemy territory. Turns out a small flag doesn't get much attention.
In case anyone forgot, Ohio State won!!

Jack Hoying
Fort Loramie, Ohio
Prindle 18 #1645
http://www.bright.net/~jmhoying/sailing/prindle.htm