In Basketball: to make a shot all net, with swag. This is no ordinary all net shot. This is a $wag shot. After you preform the Schwamp correctly, you must then yell out, "Schwamp!!"
Extra Definitions: 1. to cool, to have swag. 2. To get girls like dribbling a basketball... it's easy. 3. To smack haters. 4. To describe a girl that's so fine.
That boy Kobe was just schwampin it all day.
I schwamp daily.
That dude better not come over here, causr I will schwamp him
Yo schwamp ain't better than mine.
Bro... you just got schwamped.
That girl so fine, I just wanna schwamp that.
I got a chick that's so schwamp!
I got a schwamp.