I misread the content of a comment, and flagged it. Then I realized that the comment wasn't what I had initially thought. Would it be possible to have the ability to retract comment flags, just like we have the ability to retract flags on questions and answers?
This is a separate feature-request which requests that it may become possible to retract comment flags.
If I've realized a flag was a mistake, I think it's unnecessary to keep it in the queue of content the moderators have to look at. Also, it would add an unnecessary "rejected" to the flaggers statistics. Sure, people should think before they flag. But everyone makes mistakes sometimes.