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Swag has been changed to represent something or someone that is very current with today's headlines and maybe even seen as thuggish. However, the actual definition(s) is(are):
1. a curtain or piece of fabric fastened so as to hang in a drooping curve.
2. informal; money or goods taken by a thief or burglar.
verb
1. arrange in or decorate with a swag or swags of fabric.

These are the definitions according to Google, so forgive me if they are incorrect and/or inaccurate.
1. n. Flower garland swag
2. n. Their homes offer tempting swag for burglars.
1. v. Swag the fabric gracefully over the curtain tie-backs.
Swag by Malphictor June 25, 2015
Related Words
In the 1960 there was a group of men that had a group called SWAG. This was a group of fags and SWAG stood for "Secretly We Are Gay". I always laugh at all u little wanna be gangsta's who walk around saying they have SWAG not knowing they are saying that they are gay.
Swag by Elasko August 11, 2015
Proud, mother-fucking, douche-bags use this word way too often. To them, it means I'm cool. But really, it makes everyone else want to put a shotgun in their mouth and pull the trigger. If you see someone use this, kill yourself, those around you, or the fucker who said it.
John: Hey Peter, I have more swag than YOU!!!!!!!!!!!!!!!!!!!!
Peter: Hey John, fuck you; ya dick-head. Still got your Dad's dick in your ass?
Shit We All Got
"My mum drinks", its so SWAG
"My cat died", its so SWAG
"I'm fat", thats SWAG
SWAG by JunkWorld July 4, 2016
(acronym, technical jargon) "Scientific Wild-Ass Guess"

1. An idea proposed by bringing together arguably similar understandings of established science, and then making a huge pile of assumptions, to reach a conclusion that you hope may not be completely wrong. "If it's gonna fall, it's gonna fall to the east, but that's a total SWAG so no guarantees."

2. (sarcastic) An obvious alternative, offered in response to some other alternative that is, itself absurd. "Not to discount his spiritual enlightenment, but just a SWAG here, maybe the dog just likes beef better than carrots."

3. A disclaimer that a well-considered guess is still just a guess; "My SWAG on this is a hundred pounds is safe and two-fifty will snap it like a twig."
If I had to offer a SWAG, it'd be the video card.
SWAG by BitOBear March 30, 2017
1. An overused word used mainly by teenagers and little kids trying to be cool. It really has no meaning.

2. The appearance or style in which someone presents themselves.

3. An abbreviation created by a group of men in the United States which stands for "Secretly We Are Gay"

4. Originally from the Scottish slang word "swagger" which was a description of the way some Scots walk (in a swaying motion), which was misinterpreted by the English as "the way someone presents themselves". Eg. whether someone looks cool. The word quickly made its way to the United States and has become overused by teenagers, little kids, and eventually everybody else.
1. Magee: "I got so much swag."

Darrel: "You got your dick up your ass"

Magee: "Fuck you, SWAG."

2. You: "I got swag."

Me: "That's because you're a retard trying to be like the rest of those idiots thinking their dumb asses have swag."

3. Dude: "I got swag"

Dude 2: "I didn't know that you were gay."

4. Person 1: "I think that guy off Jersey Shore has swag."

Person 2: "You're a dick."
Swag by Mr. Pseudo-Anonymous August 19, 2013