Meaning of flying circus

fly'ing cir'cus

Pronunciation: [key]
  1. a squadron of airplanes operating together, esp. any of several squadrons of famous World War I aviators.
  2. a carnival troupe, or the like, offering exhibitions of stunt flying at fairs, circuses, etc.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.