Florizel - character in Shakespeares' "A Winters Tale"
Badge - a pun on the name, In Heraldry a Cross Flory (or Fleury) is a cross with fleur-de-lys at the ends
See:https://en.wikipedia.org/wiki/Cross_fleury
[source of info: Admiralty Badges Encyclopedia by Jonty Sexton and Admiralty Ships Badges by T P Stopford]