A form of plastic bag frequently used for the sale of cheap marijuana. Characterized by the lack of a Ziploc-style seal, the closing of these bags involves licking. Often seen scattered sporadically in the homes of marijuana-smoking individuals.
"This schwag bag is filled with some ugly ass seeds, looks like you got some of that Bobby Brown"
by dr jackson September 14, 2009
Sorta like gay, but kinda worse...Shit fag.
Jesus, how could you like "The Break Up?" Ur such a schwag bag!
by tine tim November 27, 2006