Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun One, such as an insect or bird, that flies with wings.
 - noun The pilot of an aircraft.
 - noun A passenger in an aircraft.
 - noun A pamphlet or circular for mass distribution.
 - noun A step in a straight stairway.
 - noun Informal A daring venture.
 - noun Australian A female kangaroo.
 - noun Australian An exceptionally swift kangaroo.
 
from The Century Dictionary.
- noun That which flies: as, the bird was a high flier.
 - noun Specifically One who or that which moves swiftly; an animal, a person, or a thing that exhibits or is capable of great speed: as, he drove a span of fliers; the locomotive was a flier.
 - noun One who flees; a fugitive; a runaway.
 - noun Some part of a machine or mechanism having a rapid motion.
 - noun A single step or a straight flight of steps or stairs; in the plural, stairs composed of straight flights: opposed to winding stairs.
 - noun A financial venture; a speculative investment: applied to a purchase of stock by one not a regular buyer, in hope of immediate profit: as, to take a flier in Wall street.
 - noun   A small handbill. Also called 
dodger . - noun One of the fresh-water sunfishes, Centrarchus macropterus, found in the southern United States.
 - noun An apparatus attached to a printing-machine, usually a gang of parallel rods worked by a rocking shaft, which seizes each sheet as it is printed and conveys it to the delivery-table.
 - noun One of the two lower-most leaves of a tobacco-plant.
 
from the GNU version of the Collaborative International Dictionary of English.
- noun One who flies or flees; a runaway; a fugitive.
 - noun (Mach.)  A fly. See 
Fly , n., 9, and 13 (b). - noun (Spinning)  See 
Flyer , n., 5. - noun (Arch.)  See 
Flyer , n., 4. - noun An aëroplane or flying machine.
 
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun   Something that 
flies . - noun   Someone who 
pilots orrides in anairplane . - noun   A 
leaflet , often foradvertising . 
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun someone who travels by air
 - noun someone who operates an aircraft
 - noun an advertisement (usually printed on a page or in a leaflet) intended for wide distribution
 
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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The person who drew the flier is a sixteen-year-old boy who suffers from autism.
Boing Boing: November 21, 2004 - November 27, 2004 Archives 2004
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Original post: A Montgomery County judge hearing an emergency challenge to government efforts to campaign for an ambulance fee said Monday that a county-produced campaign flier is intended to intimidate voters.
UPDATED: Montgomery judge dismisses challenge to ambulance fee campaign Michael Laris 2010
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Original post: Michael Laris reports on the Maryland Politics blog that a Montgomery County judge hearing an emergency challenge to government efforts to campaign for an ambulance fee said Monday that a county-produced campaign flier is intended to intimidate voters.
Judge dismisses campaign challenge Michael Laris 2010
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January 17th, 2010 at 7: 19 pm the Brown campaign has already announced it will file suit unless the flier is withdrawn.
Matthew Yglesias » Scott Brown Questions Barack Obama’s Parentage 2010
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One flier from the state Democratic Party features a picture of Mr. Debicella with the words "Reckless Radical" scrawled across his face.
Democrat Bastions Besieged by GOP Neil King Jr. 2010
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Still, even Restonian concedes that the URL that was removed from the original flier is for an anti-Tea Party website (I screenshotted that admission, by the way); and the ‘artist’ is one Mike Flugennock, a Hard Lefty (and, apparently, a closet racist) from the area.
This is how they see you (image may be NSFW). - Moe_Lane’s blog - RedState 2009
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The flier is titled "Obama's to do list" printed in faux cursive script.
Discourse.net: Evil Flier Being Handed Out at Coral Gables Polling Location 2008
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Now to the most important thing: The flier is "evil" (not, note, "illegal") because it is full of angry, mean, lies.
Discourse.net: Evil Flier Being Handed Out at Coral Gables Polling Location 2008
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(Sorry, just getting excited to find my liberal reflexes still work - I had a local election flier from the Tories through my door last week and it all sounded frighteningly ... reasonable!)
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Riess argued that this was indeed the case [the drawing at the top, depicting the Triassic ichthyosaur Shonisaurus as an underwater flier, is by Dino Frey and from Riess (1986)].
Did ichthyosaurs fly? Probably not, no Darren Naish 2006
 
atapizdun commented on the word flier
A difference between a flier and flyer... http://grammar.quickanddirtytips.com/flier-or-flyer.aspx
January 3, 2012