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Schwicky Schwag 

An anagram for "Liberty Launcher", a weapon in the 2007 First Person shooter Team Fortress 2
"What's a schwicky schwag? what does that even mean?"
"It's the liberty launcher!"
Schwicky Schwag by ferkon December 6, 2020
Replacement for “shitcoined by the almighty @zman_spongebob
Zach: “Bruh I need to take a fat schligy....”
Miku: “Shut the fuck up with that bull schligy!!!”
schligy by Brokeboyluke April 22, 2019

Schmigly 

Used in place of an individual's name that you cannot remember at the moment.
"Okay so we'll meet for dinner at my house and you can finally meet Schmigly."

"What a great sandwich, thank Schmigly for me."

"You, me, and Bob can work on the details of the project while Ted and Schmigly begin the basic wireframes."
Schmigly by GeeViss April 10, 2013

Schwagtrulescent

When something, anything, suffers from a lack of quality in the way that schwag weed sucks. A chronically bitchin person, place, item, music or event can never be schwagtrulescent. Having the essence of schwagg is never a good thing, unless it is actually schwagg weed and that's all you can afford.
Fuck this loser frat party - this party is way too schwagtrulescent.
Schwagtrulescent by TNTNeal December 1, 2010

Til Schweiger

Til Schweiger is an annoying german actor, who is in nearly every german movie.
Friend: Wanna watch a movie?
Me: Of course, what movie?
Friend: It's a movie with Til Schweiger.
Me: *loads shotgun

Schweggie 

A term used in the entertainment industry; specifically in Los Angeles, California, to bring praise to someone in an award-like fashion for being extremely selfless while on the job. Named after Hollywood Producer William Allan Schwegmann, this term is becoming more and more commonly used in Hollywood vernacular.
"And the Schweggie of the day goes to...."
Schweggie by HollywoodTinman May 28, 2016