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A bag proudly displayed by homosexuals. Most likely a small back pack or shoulder bag.
It's not a manbag it's my homosatchel!
by Stephen Elliott Sydney April 04, 2008
A playful term used for a purse, bag, or satchel carried by a man which gives him the appearance of being gay.
Aaron: Hey, check out my new bag. The pleather shoulder strap makes it so comfortable to wear, and it goes with everything.

Levi: What bag? Oh, you mean that Homo Satchel! Do you use that to carry your tampons in?...Faggot
by Dirty Rogue October 20, 2009