Flaunt means to make a gaudy, ostentatious display, typically of material wealth.
The actress flaunted her expensive jewelry and fur coat.
Flout, on the other hand, means to scorn or show contempt for something, usually rules or laws.
Drivers on the highway regularly flout the speed limit.
Flout isn’t well-known, however. Depending on your needs, consider alternative verbs such as disregard, ignore, or disobey.
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