the act of sporting douche swag. Can be modeled at polo matches, yacht clubs, and/or country clubs. Basically, any classy event considered to be douche.
Douchebag With A Guitar. He can barely play it, but likes to sit in public holding it to attract girls and carries it with him all the time.
"I don't want to go to that coffee shop anymore; some dwag hangs out there butchering Coldplay songs all day."
"Isn't that guy with the guitar a little old to be hanging out with high school girls?"
"Yeah, the dwag can't get anyone his own age, but girls too young to know better think he's cool for playing guitar."