look up any word, like darude - sandstorm:
 
1.
process of a slow moving vehicle or person getting passed simultaneously on both sides; humiliating public derivative of the tea bag

most often occurs on large highways and in malls
Whoa did you just see that Buick in the middle lane get three bagged?
by fischer April 17, 2008
 
2.
a little skimpy bag that you say is worth four dollars but you get it for three cause its dubbers
i bought the greatest three bag ever, it was definatley worth 10 bones
by randomx April 03, 2006