A "safe" hideout to meet & split the cash after a heist, or a place to live when you want to drop out of sight
by roland November 11, 2004

Yet another definition for SHAG....in a mid 1950's Chuck Berry song (I think it was Mabellene), there's a line that goes, "shag on down to ..... ". In the context in which it's written, it means to go some where. Such as, "Let's shag", meaning, "Let's go" (rather than let's fuck).
by Roland December 28, 2005
