diff --git a/src/event/flag.rs b/src/event/flag.rs
new file mode 100644
index 0000000..b014129
--- /dev/null
+++ b/src/event/flag.rs
@@ -0,0 +1,105 @@
+/*
+ * This Source Code Form is subject to the terms of the
+ * Mozilla Public License, v. 2.0. If a copy of the MPL
+ * was not distributed with this file, You can obtain one at http://mozilla.org/MPL/2.0/.
+ */
+
+//! Configuration flags used to control aspects of the Event
+//! production pipeline.
+//!
+//! Read the documentation on each flag's `O_*` constant for
+//! an explanation of it's purpose.
+//!
+//! ```
+//! # use yary::event::flag::*;
+//! // You can use bitwise operators
+//! let bitwise = O_NIL | O_LAZY;
+//!
+//! // Or if you prefer, method chaining
+//! let chaining = Flags::new().no_lazy().nil().lazy();
+//!
+//! assert_eq!(bitwise, chaining);
+//! ```
+
+use bitflags::bitflags;
+
+use crate::scanner;
+
+/// An empty, zeroed flag set. This is the default set,
+/// with all other flags disabled.
+pub const O_NIL: Flags = Flags::empty();
+
+/// Set to lazily process the underlying byte stream.
+///
+/// In particular, scalars events will not be fully
+/// processed, instead being returned as
+/// [Scalar::Lazy] variants.
+///
+/// This means that any allocations, escape parsing
+/// or line joins will be deferred until the caller
+/// explicitly requests the token. This also applies to
+/// errors in the scalar itself, which will not be
+/// caught until the caller requests the token!
+///
+/// This option is useful if the caller is expecting to
+/// care about only a small portion of the total scalars
+/// in the stream, as it allows us to defer significant
+/// portions of the computation, potentially forever if
+/// the caller decides to never materialize the
+/// underlying scalar.
+///
+/// [Scalar::Lazy]: super::types::Scalar::Lazy
+pub const O_LAZY: Flags = Flags::LAZY;
+
+impl Flags
+{
+    /// Instantiates a new, empty flag set
+    pub const fn new() -> Self
+    {
+        O_NIL
+    }
+
+    /// Nulls the flag set, resetting it to empty
+    pub const fn nil(self) -> Self
+    {
+        O_NIL
+    }
+
+    /// Applies [`O_LAZY`] to this flag set
+    pub const fn lazy(self) -> Self
+    {
+        self.union(O_LAZY)
+    }
+
+    /// Removes [`O_LAZY`] from this flag set
+    pub const fn no_lazy(self) -> Self
+    {
+        self.difference(O_LAZY)
+    }
+}
+
+/// Convert from public flags to Scanner specific flags
+pub(crate) const fn as_scanner(f: Flags) -> scanner::flag::Flags
+{
+    use scanner::flag;
+
+    let mut flags = flag::O_ZEROED;
+
+    if f.contains(O_LAZY)
+    {
+        flags = flags.union(flag::O_LAZY);
+    }
+
+    flags
+}
+
+bitflags! {
+    /// Controls aspects of [Events] behaviors, read each flag for more information.
+    ///
+    /// [Events]: super::Events
+    #[derive(Default)]
+    pub struct Flags: u32 {
+        /// See [`O_LAZY`]
+        const LAZY          = 0b00000001;
+    }
+}
diff --git a/src/event/mod.rs b/src/event/mod.rs
index 90b5277..cf2c22b 100644
--- a/src/event/mod.rs
+++ b/src/event/mod.rs
@@ -74,4 +74,5 @@ mod parser;
 mod state;
 
 pub mod error;
+pub mod flag;
 pub mod types;