This flag is new but not in original packaging.  2 grommets.  Only unfurled for photos. Here's the AI description:

Show your support for the U.S. Navy with this authentic 'Blue Angels' flag. Measuring 5'x3', it proudly displays the iconic blue logo of the famed flight demonstration team. This original piece is a must-have for collectors and enthusiasts of militaria, particularly those with an interest in current military memorabilia.

Crafted to represent the classic blue of the Navy's ensign, this banner is an official item that would make a striking addition to any collection of flags and banners. Whether for display at an event or as part of a private collection, this flag is a tangible connection to the rich heritage and tradition of the U.S. Navy's aerial spectacle.