SWAG is not a word. It is an acronym which stands for Stuff We All Get. Typically used to describe cheap merchandise given out freely by radio stations; bumper stickers, t-shirts, key chains. Nothing anyone would pay for. Also common among the drug culture in reference to common, low grade marijuana.
Variation: SH.W.A.G in which case the first word "Stuff" is replaced with the word "SHIT".
The local radio station is passing out the same, lame SWAG at the concert while all the pot heads were smoking their usual Mexican swag (shwag).
The Urban Dictionary Mug
One side has the word, one side has the definition. Microwave and dishwasher safe. Lotsa space for your liquids.
Buy the mug