look up any word, like bangarang:
 
1.
Australian, abbr, n, presents. gifts.
I had to buy the missus a prezzie
by herbie August 25, 2004
 
2.
1. Being completely swagged out.
2. Total control of swag.
Yo, did you see that guy ? His swag was mad prezzy !
by Prezzy Clothing April 05, 2011