It's a mixture of feeling fabulous paired with a shitload of swag.
How are you feeling today?
I'm feeling so Swagulous! NO CEILINGS!
The rare characteristic of having swag and being fabulous at the same time, mostly mistaken of being gay.
Guy 1: Whoa, look at that guy. He's so gay.
Guy 2: Nah he's just really swagulous.