Designer handbags as modelled by C List celebrities i.e. footballers Wives and Girlfriends (WAGs)
When Colleen wears a Prada handbag out on an evening with the girls it is no longer a handbag but a Wagbag
a variation of fagbag that leaves behind the political incorrectness, but delivers the same blow.
Don't be such a wagbag. Take the shot!