Easiest way to flip a boolean value?

You can flip a value like so:

myVal = !myVal;

so your code would shorten down to:

switch(wParam) {
    case VK_F11:
    flipVal = !flipVal;
    break;

    case VK_F12:
    otherVal = !otherVal;
    break;

    default:
    break;
}