Marijuana that is viewed by upper-class whites as "shwag", aka doo doo weed, yet perceived by African-Americans as "dankety". Thus results the compound of the two perspectives, ending in the final common term of "shwagety". Note: "shwagety is usually ganked from one's father, or anyone over the age of 40.
We sniped a good deal of shwagety from my pops tonight.
by that nigga Keyshawn March 26, 2005