1) A shopping bag or some other type of bag that is being used improperly as a prophylactic.
2) A derogatory term refering to cheap and/or promiscuous person or anyone else who exhibits dick bag like qualities.
Daughter: Daddy, can I go out to the movies tonight?
Father : Not dressed like that, you can't. You look like a fuckin dick bag.
Prices shown in USD.
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