Another word for a loin cloth. Its the G-String of the loin cloth world. It lacks style and only offers limited coverage of the todge. It is the last desperate attempt to cover ones modesty.
In short, its just a fucking rag to cover your todge.
"Dude, where the fuck is your dickrag?"
"If all else is lost, at least you have your dickrag."
Dickrag, as modelled by Golem in Lord of the Rags