1. The practice of telling or suggesting an idea or plan to people in order to gauge their reaction to it. I can always tell when my boss is kite flying, because she suddenly starts mentioning vague details about projects we've never heard of.

2. The practice of drawing checks on an overdrawn account and lodging them into another account in order to create a false credit balance. Primarily heard in UK. He had been using kite flying to keep his business financially afloat for nearly a year before being caught by banking authorities.