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2.
A saying used by gamers to describe how they were killed/cheated death. A play on the word frag tag, only the lag on the server is the reason you died/ avoided a serious can of ass whoopery.
Gamer 1: I hate this game, I just emptied a whole mag into that guy and all he does is look at me and I'm dead. Fucking lag tag!

Gamer 2: Ha Haa, lag tag mother fucker. You can't catch me! boom!!! yo dead lol
by Squaids 187 June 23, 2010
 
1.
Portmanteau contraction of "Loose-Aggressive/Tight-Aggressive". In poker, someone who plays a style somewhere between tight-aggressive (TAG) and loose-aggressive (LAG), raising and reraising a wider range of hands than might seem wise, but doing so with judgment and care, picking opportunities carefully. Often a LAGTAG player will seem to be playing a wide range of hands indiscriminately, when actually they are playing tightly against strong opponents and loosely against weaker ones. Because of their perceived looseness, a LAGTAG can get more action from a TAG than another TAG would.
The local Vegas rocks and nits didn't have what it take to play against the seeming tourist's LAGTAG style.
by pokershaman September 14, 2013
 
3.
When person with a bad connection joins you game and makes other people lag.
Great, look who joined, here comes the lag tag.
by SirKittyLitter May 17, 2009