Usually low grade 'mersh'.
Yeilded about 3 to 5 skinny joints.
A good nicklebag was not only decent smoke but would yeild as many as 5 somewhat fat joints or 7 or 8 skinny ones.
That sucks dick, and swallows cum
And cheats on her man, and takes it up the butt
For more information, the song "Nicklebags" by Young Sicc gives vivid examples of what a Nickebag is.