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lanterne rouge

n. (context cycling English) The supposed prize for the rider who comes last in a cycling event.

Wikipedia
Lanterne rouge

The Lanterne Rouge is the competitor in last place in a cycling race such as the Tour de France. The phrase comes from the French for "Red Lantern" and refers to the red lantern hung on the rear vehicle of a passenger railway train or the brake van (USA caboose) of a railway freight (goods) train, which signalmen (USA dispatchers) would look for in order to make sure none of the couplings had become disconnected.