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"shwag" is short for "shwiggity shwag" which was birthed from the phrase "sliggety slag": a cute reference to slag bud.
"Slag bud" is marijuana that has been highly compressed into bricks (while still green). Heat and lack of ventilation tipically cause plant decay and mold growth. Once dry, these bricks (when broken apart) tend to come apart in large flakes that look like the by-product of iron smelting(slag).
Now that Califorina has allowed "medical marijuana" growers to industrialize, days of nothing but "slag sliggety, shwag shwiggety, sliggety slag, shwiggety shwag" will disapear.
by waloso August 4, 2010
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ooh nah nah, what's my shwag?
by bong ramen October 9, 2011
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Shwag

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I spent less and got scwhag, could have spent more and got dank.
by Mike January 13, 2003
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just some worthless weed not worth smokin really ( mexican shwag )
man get that shwag ass babbage outta here man , tryin to hit some nugs bra
by splankinberry August 11, 2003
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advertising that stays, ie. t-shirts, coffee cups, pens, lighters, ball caps, bumper stickers, etc.
Yeah, I went to the car show and came home with a whole lot of schwag in a bag.
by schwag-girl March 4, 2004
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SHit We All Got.
Normally free pot that you only use when you are fiending.
They dealer just gave me some free shwag.
by A Fellow Stoner August 28, 2004
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Shwag

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How Sean Connery pronounces the word "swag".
James Bond has a lot of Shwag.
by RS1200 March 22, 2016
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