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1.
A phrase that describes an awesome situation or incident.
"Went to a party with free beer, got wasted and partied all night long! Swag in a Bag!"

"Accidently ran into a nude beach filled with hot people! Swag in a Bag!"

"Got a flat tire in front of a tire store! Swag in a Bag!"

"Walking in the park , found a lighter, it worked! Swag in a Bag!"
by stubbzz November 28, 2013
 
2.
Shitty weed put in a cool looking baggie
"This looks like swag in a bag"
by Cloakedweenuk November 25, 2013