WB Looney Tunes Flag

In 1996 the official Looney Tune flag was presented to the public in the epic movie of the 1990s, Space Jam.  On the right side of the stage you can see a green and white flag.  We can assume it represents the flag of Warner Brother's Toon Land.  On the left side of the stage you can see the US Flag. 

From a distance you can see that there is white area near the bottom.  We never get to see the entire flag unfurled.  A proper Roman vexillum would solve this issue, but cultures are adapted to seeing flags in this draped non-discernable mode.