Blinky is an RC speed control mode running zero electronic timing advance, with boost and turbo both off, named for the LED that blinks to prove it. ROAR requires blinky mode in several stock classes.
Most racers meet the word in a rulebook that never defines it. ROAR §1.8.1 lists “Speed Control Type Only Blinky Mode” for 1/12 GT12 and §1.12.1 the same for 1/10 LMH; §1.13.1 spells out the intent as “No Variable or Dynamic ESC Timing to Motor.” Hobbywing’s XR8 Plus G2S manual calls its profile stock racing where “the boost timing and turbo timing are 0, the RED LED will blink.” The trap is that a blinking LED is not proof of legality. ROAR’s approval notice wants the correct blink code — rapid flashes then a pause, red for Hobbywing, green for R1 — plus an approved firmware version, with smoothing off because smoothing counts as variable timing. Clubs outside ROAR sanction write their own lists, so read yours.
Blinky is the legality line in a stock class, and running timing you weren't supposed to doesn't make you fast, it makes you disqualified.