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A word that has been used far too much. Supposed to mean coolness or something silly like that. You probably don't have swag since you are look it up, which believe me, by the standards of other people I know who 'have swag'. is just fine.
Joe: I have soo much swag! SWAG FOR THE WIN!
Alai: You're giving me a headache, Joe.
Swag by Lollipoplicker January 1, 2015
Related Words
A term parents use to try and sound "hip" and "cool" so that they can be "in the now" it's relatively used to mean a since of style or vigor.
Look son I have so much swag
Swag by AllMightyDictionary457 January 29, 2015
Person 1: Man your such a loser.

Person 2: No its called swag.

Person 1: No its being a loser
swag by michael_bos70 February 6, 2015
A word originally used to show being cool, relaxed and overall awesome, now being used for the same reason but end up getting the opposite results.
Other variations exist like:

Swug, a level of swag higher than swag
Sweg, an alternative spelling method used by gamers or in chats
Swog, opposite of swag
Swig, a quick drink of a beverage (or swag of an unusual manner)
Random Gamer: Oh man! Did ya see that kill? That was pure sweg.

Person 1: Woah! How'd you do that?
Person 2: Swag.
Person 3: Nevermind...

Person 1: I got so much swag!
Person 2: Sounds like swog to me.
1. A word used among those who think they are the hottest and coolest person in the world, but are actually total duchebags. It is often used as a noun, as they seem to think they have it.

2. Free stuff like the samples you get at Costco. In this case, swag stands for Stuff We Aquired as Gifts. It is okay to use swag in this context.
1. Duchebag: 'Ay man, look at dis new hat I got.
Asshole: Nice! We've got some serious swag!

2. Mother: Kids! We're going to Costco!
Kids: Yay! Let's go get some swag!
Swag by Suomynona321 September 13, 2016
A term used when homosexuality was not widely accepted; used in the US and U.K.

Secretly
We
Are
Gay
Lol im so Swag. Do you even have swag m8?