SWAG Share definition Flag Gay. It means you are gay. It is not used in a bad way! Very good swag. :) Person 1: I am so swag! Person 2: Yes. Soooo swag and gay SWAG by Swaggæ December 22, 2020 0 0 Get merch Get the SWAG mug. Buy Now — $32.95 See more merch