Noun: a chick with a hot body in combination with a butterface
, yet you still would like to hit it. You proceed to put a paper bag (or two) over her head so you do not feel bad when you tag it.
Verb: Putting a bag over a chick's face because you would like to hit it without seeing her face.
After admiring her nice ASSets for a while, she turned around revealing her horrible butterface
. I turned to Pete and said, "Eh, I'd bag and tag that."