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1.
A goodie bag that contains various useless yet irreplaceable items packed into a dufflebag, usually given at parties or by sponsers. Sometimes just useless house-hold items with a brand-name insignia on them
"Our sponsers left us a Swag Bag full of cool merch, such as one-zie pajamas" - Mark, Real World Road Rules Challenge Challenge
by StealthStorm67 July 20, 2009
 
2.
1. noun-the act of having phenomenal swagger, but also being a douchebag

2. verb-the wearing of the brand tapout
FRIEND 1: hey man nice threads, i like your swagger
FRIEND 2: shutup idiot
FRIEND 1:wow you are such a swagbag
by fanous November 22, 2010
 
3.
When a person wheres an article of clothing that actually says the word swag on it. Anyone who does this is naturally a douchebag.
Laura: Hey Mindy. Did you see that swagbag come out of the bathroom?

Mindy: Yeah. Doesn't he know everyone is making fun of him.
by cambronshinn April 07, 2013
 
4.
(n) a term used to describe the cocky douche-bags who use the term "swag" constantly
If i hear the word "swag" one more time im gonna punch one of these swag-bags in the throat!
by Mr.Washy! February 23, 2011
 
5.
A bag used by people who have too much swag for their body to contain, in which they store their excess swag.
person 1: hey man, can you hold this for me.
person 2: no, sorry man, my hands are full.
person 1: oh what are you holding?
person 2: it's my Swag-Bag.
person 1: my bad man, I always wondered how you were able to have such a high level of swag.
person 2: yeah, I have a swag level over 9000
by grd891 June 28, 2013
 
6.
Similar to the phraseIn my Bag, and Swag. Refers specifically to a state of confidence, charm, and luck with the opposite sex. Usually due to dress, attitude, or level of intoxication.
Guy1-"Hey, have you seen Jesse?"

Guy2-"Yeah, he just walked out with that fine ass white girl."

Guy1-"Oh shit, foreal? I saw him fuckin' with that Asian chick on the dancefloor earlier..."

Guy2-"Yeah dougie, he's in his swag bag tonight."
by BigDicksOnDeck May 02, 2011
 
7.
An improvised condom, often used when an actual condom cannot be found in time.

i.e. Publix bag, Doritos bag, ceram wrap, glove
The one time I didnt have a condom, I used a swag bag.
by 3CMont3 April 12, 2011