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What does the gold tassel cord on the American Flag mean?

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The gold tassel represents that the Flag has been honored with victory in battle or the flag has seen heroics in battle.
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What does the gold fringe on the American flag mean?

It is an honorable enrichment only, not an integral part of the flag. As it is attached on the edge, it does not "deface" the flag which therefore remains the Stars and Stripe

What do a red white and blue tassel cord on the American flag mean?

Red, white and blue cord and tassels are placed on the U.S., President of the United States, and Vice President of the United States flags representing the President of the Un