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replaced http://meta.stackexchange.com/ with https://meta.stackexchange.com/

It's not a bug.

If your flag weight reaches 500, the calculation turns from linear to asymptotic, eventually reaching 749.99999 (or maybe 750, if you're lucky).

See also: What is flag weight?

Maybe it should be rounded, but this display gives you an idea of what you're heading for, if you keep raising great flags :)