look up any word, like jamflex:
 
1.
Its is a low quality form of pot, or mariuana
Joe: Did you get that dank?!
Bob: Nope, all i could get was this Schwiggity Schwiggity Schwag...
by Neticule October 14, 2003
 
2.
Used as a greeting to a friend.
Yo Jeff! Schwiggity Schwiggity Schwag!
by Burt McGee April 11, 2003