A wagon or car full of Fags(Homosexuals). Used as an insult, it dates back to when bundles of sticks were transported by horse-driven wagon. It is used most commonly when someone and or a group you didn't invite to your party shows up anyway.
Bruce: "Aye! Looks like the fag wagon finally arrived!"
Jaime: "Shut up! do you always have to be such a douche!? GAWD!"
Bruce: "YAYE!!!"
The official bandwagon of swagger. A person or group is on the swag wagon when they have had a recent run of success and are increasingly confident because of it.
(840928)Stephens definition: an abundance of wagons, a swag filled with swags