Not to be confused with sags, being Sexy Asian Girls. Often cags have no idea they are cag; they don't act in a way that deliberately attracts males (or cabs, Cute Asian Boys).
Noun: 'oh mate check out that cag over there next to the Eastwood Centre'
Adjective: 'wow that girl over there is sooooo cag'
Plural: 'my girlfriend tells me there are cags at Strathfield'