jagbag Share definition Flag the reservoir tip on the end of a condom. used in reference to collar popping, tan, rich, and excessively rude individuals. that jagbag didn't tip me a godamn dime. jagbag by Coppola's Deli September 2, 2005 0 0 Get merch Get the jagbag mug. Buy Now — $32.95 See more merch