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An expression used to describe something that is über cool, awesome, amazing. From the slang word "rad" an abbreviation of 'radical'--made popular by the Teenage Mutant Ninja Turtles and skaters in the 80's. Being rad is the highest compliment you can give. Also used as an expression of awe.
"I couldn't decide whether to get the Ferrari or the Jag so I got both"

"Radbag!"
radbag by dds007 September 21, 2012
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Radballion 

Whilst notoriously difficult to precisely define, a radballion is, essentially, a mad cunt. A bit like child porn, you’ll know it when you see it.
“Check out that absolute radballion over there on the roof.”
Radballion by Robocourier May 14, 2019
Related Words
Not dissimilar to a nagbag. A whingeing slout but it's bloodloss week!!
You were fine with that the other day Chalkie, just because it's ragbag week don't take it our on me (literally;)!!!)
Ragbag by SirGreg January 29, 2017
A person who is perpetually the last to arrive at a social occasion.
That rodbag is always the last to get here, let's start eating without him.
rodbag by Papa's Pipsqueak May 5, 2011

ratbaggery 

The act of being a ratbag, or performing actions worthy of a ratbag (esp. used in Australian Politics)
"That is the most flagrant ratbaggery I have EVER seen!"
"I am shocked and outraged at this ratbaggery"
Ratbag is also Aussie slang for Trouble maker or someone causing havok - When the word Ratbag is used its used in a non offence way.
My mates a real ratbag , we got kicked out because of his antics"
Ratbag by RonnieLea October 8, 2007
The act of John Rambo embarking on what typically is known as a rampage. However, that definition only applies to everyone who is not John Rambo. If this ultimate male specimen ever decides to "rampage," the condition is then upgraded to a "Rambage."
<Dude1> Did you see that Rambage? It was sooooo much better than that other guy's rampage.

<Dude2> Dude, that's because he's Rambo. Only Rambo could do that.
Rambage by Gyro117 February 22, 2008