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Schwag, (according to young Irish man i met in Brooklyn at a bar who was only been here for 2 weeks) is a goatee on a young man. It could be full grown or resemble some dirt.
-Yah know, you should really shave your schwag.

-My schwag?

-Yeah your chin, it'll make you look younger.
schwag by ATV Tinting February 13, 2009
Someone who is less than cool. A real douchebag.
Cool Kid #1: Dude look at that douchebag over there.
Cool Kid #2: Yeah, he is a total schwag.
Schwag Kid: Hey, thats mean!!! (*cries*)
schwag by GangstaAwesomeness October 10, 2011
a llama, cusco, brown, schwag
schwag by johnny bobbyson October 10, 2012
I thought this was when you were making fun of people who say "swag"
...

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"I'm so cool. Ha, schwag."
Schwag by random775 October 27, 2015
This term is used to refer to logoed promotional items.
Dude, that sure is some tasty schwag!
Schwag by Paleodog August 18, 2021
An amount of swag that is so God-like that God himself couldn’t even bear to look you in the eye.
Bro I’m so schwag its fucking ridiculous!!
Schwag by Dakiidash March 3, 2022