Green’s Dictionary of Slang

dangling modifier n.

[pun on the grammatical term]

(US campus) a single, long, flashy earring.

[US]Eble Sl. and Sociability 13: Sometimes new slang extends to new areas of meaning or to areas of meaning of recent interest to the group inventing the slang, like [...] dangling modifier for ‘a single, long, flashy earring’.