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1) A lifestyle choice that is exemplified by poor decision making, lack of motivation and utter carelessness.

2) An imaginary bag that is home to various actions, thoughts and statements that will never be completed and/or are unrealistic in nature. NOTE: This use of the word is often accompanied by the physical gesture of throwing imaginary items into an imaginary bag that one is carrying.
"That kid is such a bag of dreams, he really needs to stop living his life like a rap video."

"Me going to the gym today has just gone into the bag of dreams" As one drinks his third beer of the morning. NOTE: Should be accompanied by physical gesture described above.
by C.P.3 March 25, 2010
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