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The bottom of a bottle of beer or other alcohol that is often mixed with saliva and has warmed from its refrigerated temperature.
Jerome gave me the rest of his beer, but only the schwag was left.
Schwag by JDawg's Rocker May 8, 2011
Wowww, Ben Greenbergwitzstein has unamountable Schwag. thiis is actually ridiculous, look how schwag his yarmulke is.
Schwag by Swellerton December 25, 2010
cool or awesome cool and sweet skittles with sprinkles on top!
also can be used in a bad way by calling somebody a schwag-bag!
good way:
*annika: dude, i have this uber cool danish!
*courtney: no, the uber schwag danish..of doom
bad way:
*courtney: wats up
*sum asshole: go fuck urself
*courtney: ur such a schwag bag!!!!!
schwag by courtie December 3, 2004
cock, wang, tool, a schwag is slang for penis
man, jon has a big schwag
schwag by kielbassa January 7, 2006
schwag can be used in place of cool, chill or any other word similar to that. Also can be used as heavy schwag for meanings like badass
Hey you wanna go to the massage parlor and get a ragin cajun? Yea man that's schwag
Schwag by motoxdeath February 18, 2011