Factual error: Jerry Falwell and Charles Keating never knew each other personally in real life.
Factual error: Larry was shot in 1978 and decides to move to a place where "perverts are welcome." He's in a limo with a third brake light, but the third brake light wasn't around until 1985.
Other mistake: During the ending US Supreme Court scene right before Alan Isaacman proceeds with his opening statement, Larry Flynt can be seen standing up instead of in a wheelchair. (01:55:53)
Answer: It says "Can you guess where my finger is?"