look up any word, like swag:
 
1.
n the breasts, col; a slang term used to define the female mammary glands
man her lady bags are sagging
by the boss ross February 09, 2012
 
2.
A woman who exhibits the characteristics of a Douche Bag.
"Kate Gosselin is a real ladybag."
by knack4life June 24, 2009