The stackoverflow post seems to be asking a completely different question. Your question is unclear but I think you are trying to show a tooltip with the value of each series.
The tooltip and the legend are different things. The legend is created when the plot is drawn. You should not use it as a tooltip. It is possible to hide the legend if you want.
It is possible to draw directly to flot's canvas but you should not use it to draw temporary items. Highlight circles are drawn and removed frequently so doing this on flot's main canvas will cause the canvas to be redrawn frequently. This is probably the cause for the flickering you mentioned. To avoid this problem, Flot uses an transparent overlay canvas for highlighting and crosshairs. This prevents redrawing the entire canvas every time you move the mouse.