flying phalanger

n.
Any of several small marsupials of the family Petauridae, especially one of the genus Petaurus, native to Australia, New Guinea, and Tasmania and having large folds of skin between the forelegs and hind legs that enable it to glide through the air.

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The noun has one meaning:

Meaning #1: nocturnal phalangers that move with gliding leaps using parachute-like folds of skin along the sides of the body
  Synonyms: flying opossum, flying squirrel

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