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+1 on Hellhound's alpha male analysis.
If you truly are gaming 5 other girls, then focus on them. Reward girls who treat you well and pump & dump girls who treat you like shit. I've had my share of insane women. I understand the attraction. Don't assume I haven't been there. There is truth in the statement "crazy in the head = crazy in bed". But with experience you will realise they are not the type of women you should be actively pursuing or partying with. If you absolutely must go for this girl, she should be no more than a private booty call / low commitment fuck-buddy, don't get deeply involved even if she tells you that's what she wants. These kind of low self esteem, bi-polar sociapaths get wet thinking about the power they have over men.
Why do you put up with her calling you bragging about her fucking other guys? Don't play into the jealousy game. You should be calling her out on her behaviour. Eg. "Call me when you're ready for me to fuck your brains out. Until then, stop calling me." You are allowing her to disrespect you and she is getting off on the idea that you are squirming with hidden jealousy and pretending to be unaffected by it. You might think that you're acting all cool / alpha with hearing about her with other guys, but you've been ultra-defensive about your actions on this 3-page thread, so don't assume she is too stupid to see through your "cool" act.
Play head games with a sociopath and you will always lose. They will beat you with manipulation and experience.
I tend to agree with you, but I'll just have to throw the bait and see what happens. From there, I'll be making the decisions based on what happens next. The girl, as you have said, is bi-polar and I cannot deny this point, and hell does she love attention.
I did not put up with her bragging, she wanted me to listen and as a gentleman, a friend of 10 months and out of respect I just listened. I have no intentions of a relationship with this girl for the moment. As Hellhound pointed out, she is the horny type and you never know when she blows off and breaks her commitment unconsciously by her frustration and sexual drive towards another guy.
Thanks a lot for this post, it helped