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It can mean many things depending on the infliction. Like Chinese.

Swag. (O.K., All right, Word)
Swaggg.*Sad Infliction* (Awwww.)
Swag?(What up?)
SWAG!(Hell yeah!)
Swaaaaag!! (WOOOOH!)
I'm finna dip.
Swag homie. Stay up.

I'm finna dip.
Swaggg. See you later.

What's swag girl?

SWAAAAAAAAAAAAG!!
Swag by 102 Prod. January 18, 2011
Related Words
Someone with the characteristics of a Spanish guy with an awesome accent, curly hair, and funny character. He acts like a boss as well.
Swag by sexyvoice June 15, 2011
A casual way of referring to one's cellphone. Part of the vocabulary of a Hip Hop subculture popularised by rappers such as Whiz Khalifa and Kid Cudi.
Kurt: Dude have you seen Warren today?
Motse: Pass my swag dawg, I'll hit him on his IM

Kurt: Your what?
Motse: My cellphone...
swag by Zeroklone August 24, 2011
(noun) short for swagger, this word defines the epicness of a person(s); it can also describe an outstanding personality
ex. Wow! That guy is just so fun to talk to! He has so much swagger!
Swag by bossofswaggertown September 11, 2012
When you break the law and don't get caught, that's swag

When you could fuck your friends hot girlfriend but you choose not to, that's swag.

Swag is when you say you don't care what people think about you, and mean it

Swag is not only how you carry yourself, it is something that you are born with. you either have it or you don't, it cannot be taught or learned until you realized that it is all in your head.
SWAG
My swag readings are so high I can smell the vaginal secretions when i walk in a room.
Swag by Swag Dur-son June 23, 2012
Swag, a slang originating in the early 1800s for stolen goods or booty.
(AND/OR)
Style; fashionable appearance or manner

NOT: Secretly We Are Gay. This is a common misunderstanding
Ex. 1 - The robber dragged home a bunch of swag

Ex. 2 - "Look at that pimp! He is dripping with swag!"
Swag by Sir Cumstance September 5, 2012