Sorry to disappoint everybody who has posted their numerous definitions on this forum. SWAG, is in fact, a slang term used by cops. Its definition is "Stolen Without A Gun".

So, now you all know the true defintion of this term. Don't worry, life goes on.
"After Detective Jones arrested the fence, the SWAG was returned to its rightful owners."
by G Man February 23, 2005
east london uk
crashed computer
by VICTOR April 08, 2004
1. very low quality marijuana, usually with a low level of THC.
2. Cheap weed, much of it smuggled from mexico in the southwest US.
3. Synonym for "stuff"
"damn, kyle's not home yet," , "I can get some swag?!?!" , "no man, let's just wait for some chron!"
by derek November 19, 2003
something you don't have,if your looking up the meaning
Guy with no swag:What's swag,i need to know since i have so much of it

Guy with swag:Dude,you have no swag
by IM NOT YO DADDY IM YO GRANDPA February 18, 2012
dammyou got swag
by sexy lady123 October 06, 2011
Scientific Wild Ass Guess. A term used by Marine Corps when under extreme pressure and unable to waste time to calculate relative distances to targets, especially at night. A swag is a guesstimation of distances when there is no time for scientific formulaic calculations.
Soldier 1: How far those Taliban soldiers over there?
Soldier 2: I can't tell; There's no time, we'll have to make a swag.

John Smith one-shot-one-killed 16 N.V.A. soldiers in the middle of the night by swagging their relative distances.
by Mysticuno September 18, 2011
'Swag' means when you think something is not worth listening to or someone is not worth talking to, a waste of time.
That boys music is 'Swag'
by Nat_G February 07, 2007

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