A mixture of the words swag and filipinos. Refers to the swag fags (who are usually filo), who think they have swag because they have an obey shirt. skinny jeans, vans, and a snap back.
They
pride themselves in having 'swag' when they
don't have it at all. They are up themselves and say stupid shit like 'SWAG: Something we
asians got', 'Like my swag?', 'Illest, dope, swag bro'