Lol. It is for abuse but abuse is subjective. You can start your flag war for what you subjectively feel is abuse, but being aware that others may see your use of the flag as abuse - hence why this post has been flagged.

But to be honest, you do seem to be using the word flaggot wrong. "Flaggot", if I'm not mistaken came from the use of flags on YouTube videos where once flagged, the video is reported and extremely difficult to get back on the site. On steemit the flag doesn't do that at all. The most it can do is put your post to the back of the line, where it's d difficult to see it - but not impossible.