It does NOT mean 'Secretly we are gay'. Morons.

Origins:While many common terms have entered the English language as acronyms. only rarely did that phenomenon occur prior to the mid-twentieth century. Yet that fact stops few from reaching for acronymic explanations for a variety of far older words, especially in instances where the true etymologies aren't crystal clear.

Swag is one such misunderstood word. Some of the acronymic explanations for it that we've encountered are:

- Secretly We Are Gay
- Stuff We All Get
- Stuff We Ain't Got
- Scientific Wild Arsed Guess
- Sold Without A Guarantee

Not surprisingly, none of those explanations is correct. The word 'swag' is not an acronym, nor has it anything to do with homosexual men surreptitiously attracting like-minded souls to partake of a group activity. It is instead a corruption of the Scandinavian "svagga", meaning "to rock unsteadily or lurch" and entered the English language in the 13th or 14th century, with its earliest print sighting dating to 1303. Over time its meaning evolved into that of "hanging loosely or heavily, to sag," and by 1794 picked up the additional meanings of "booty or plunder" and "a hanging wreath or garland."

In current common usage, swag has a number of meanings:

- Illegally obtained goods.

- Free stuff
- A decorative garland hung in such a way that loops of it hang freely.
Man: Look at that dude's clothes, he has Swag.

or

Man: Let's see what swag you have from robbing that house.
by BelialTempter February 04, 2013
It's a thing that faggots say they have because they think they are cool and it is their way of knowing who is gay, like a right earring. It is an acronym for Secretly We Are Gay.
Guy #1: My swag is so high.
Guy #2: Really?
Guy #1: Yeah.
Guy #2: Faggot.
by Corrupt Mirror October 31, 2012
A characteristic faggots have. Only fags have swag
swaggot
fagger
"I have swag"
"You Fag!"
by PeopleFromMars October 27, 2012
A term attributed to fast food employees who think they are hot shit, but are in fact nothing but a cold fart.
Your douchebag friend who works at McDonalds: "Hey bro I got swag"
You: You're 16, work at McDonald's, and you're failing every class.
McDonald's employee: But... I have swag...
by Hey Scotty, Jesus Man October 24, 2012
Situation Wild Aim Guns
Listen Up! The C.O. radio'ed, we have 65 insurgents moving into attack and spotting positions, SWAG, SWAG!

Light 'Em Up!

Crackle of gun fire heard.
by Mr.Blackwater1979 April 29, 2012
S-secretly
W-we
A-are
G-gay
P1-Joe has a lot of swag
P2- I know he came out yesterday. I wonder how long he's been in the closet
P1- I KNOW!!!! HE'S REALLY GAY!!!!
by Longefellow atendee February 01, 2012
Acronym for Secretly We Are Gay
That guy is Swag
Yeah I know he needs help out of the closet
by capitol sin November 20, 2011

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