Futanari?

Too big for cameltoe?

Probably a futanari, since it is Flea. Alternatively could be a newhalf.

Intentionally vague, but probably futa.

If I remember, he's 100% woman due to magic and his bra anatomy-wise, but he's still refers himself as male. So its a newhalf by origin, but futanari technically.

See the pussy, is it too fat?

Don't make them start over, man.

I vote for the fat mons tag, that doesn't look like boy parts in those panties.

theres a bend in the strip of fabric hanging down in front of his/her/its panties that lines up with the bulge, at least from how I see it. flacid penis, maybe?

I reckon since there are balls, it's a trap.

As far I remember Flea is a male, Im not gonna get in details since this could easily turn into another "utawarerumono twins uber discussion" post, but Im deleting "Futanari" since you cant have both (trap and that one I mean)

Uh, no. Flea having ginormo tits already disqualifies this post for the trap tag.

Canonically, Flea is male. The appearance of cleavage is due to him wearing a vest with a pair of fake tits on it.

However, this image is full-on futanari.

Also, on closer inspection, "he" is wearing a fundoshi, rather than panties.