noun Horse Racing Slang.
a racehorse.

1885–90; bang cut (nasal variant of bag cut < ?) + tail1. Cf. pigtail Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
bangtail (ˈbæŋˌteɪl)
1.  a horse's tail cut straight across but not through the bone
2.  a horse with a tail cut in this way
3.  marketing a type of envelope used in direct marketing in which a perforated tail can be used as an order form or response note
[C19: from bangtail short tail]

Collins English Dictionary - Complete & Unabridged 10th Edition
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