What is it ? (Red Flag)

The Bone.

Although officially nicknamed the “Lancer”, B-1 crews almost never refer to the aircraft by this name. Crews prefer to call the B-1 the “Bone”. Origins of the “Bone” nickname are disputed, but appear to stem from an early newspaper article about the aircraft wherein its name was phonetically spelled out as “B-ONE” and inadvertently omitted the hyphen. Crews, who generally felt the “Lancer” moniker was unappealing, quickly latched onto the “Bone” nickname.The B-1 has a blended wing body configuration, along with canards and variable-sweep wing design and turbofan engines, to improve range and speed with enhanced survivability. Forward wing settings are used for takeoff, landings and high-altitude maximum cruise. Aft wing settings are used in high subsonic and supersonic flight, enhancing the B-1’s performance. The wings of the B-1B originally were cleared for use at settings of 15, 25, 55, and 67.5 degrees. The 45-degree setting was later cleared in 1998–1999.