Abstract: A greeting card flag includes one or more panels removeably attached to a decorative flag in a specific pattern enabling the decorative flag and attached panel(s) to fold into a greeting card shape. A recipient can open and read the greeting card flag as one would a standard greeting card before removing the panel(s) and displaying the decorative flag as one would display a standard decorative flag. The greeting card flag may also include connected panels allowing for a recipient to remove the panels without changing the relative positions of the panels and further allowing a recipient to reassemble the panels into a greeting card. A foldable flag hanger may be inserted into an envelope. When unfolded, the hanger supports a flag for display or decoration.