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A golf term used to describe someone who has all the latest equipment and expensive taste but can’t play very well. Also used in the business world to describe people who dress nice and can put on a front but can never finish a project or close a deal.
When Johnny shows up on the golf course, he is all bag. He looks great until he swings.
All Bag by Crabman69 May 3, 2019
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all bag no water 

This is a term commonly used to describe a nice clean fart with no personal repercussions. More specifically, the fart was all air and no water aka poop water.
"Wow man, that was all bag no water, that's impressive."
all bag no water by honkandglue March 29, 2015

bag team all-american 

A term used to describe an individual who is ridiculously over-zealous in any of his or her pursuits, often in a comedic and destructive way. These individuals are easy to point out in a crowd and are noticeably more agitated, sweaty, and loud than a normal person. The term evolved from high school football where 3rd string “bag team” players would injure starting running backs by being overly aggressive during Friday half speed practices.
1.
Friend #1: How'd John do with that girl?

Friend #2: Not so good. He scared her away with his Bag Team All-American technique

2.
Person #1: Torn ACL?

Person #2: Yep. Playing football in the park with Bag Team All-American Nate.

all in the bag

A request from a friend being accomplished or completed.
Erwin: Hey bro, did you already wash my car?
Rommel: It's all in the bag bro, don't worry about a thing.
all in the bag by Erwin Rommel Felix November 11, 2007

all that and a bag of chips 

To mean that a person is all that and more. Usually it is an opinion and the only one who thinks it is that person. Other people usually don't believe the person is "all that and a bag of chips." The word chips can be replaced by almost any other word. Such as “all that and a bag of cookies.” Or “all that and a bag of candy.” Just to name a couple.
"That bitch thinks she is all that and a bag of chips."

all that and a bag of potato chips

all that and (a bag of ) chips 

Adj. 1) A superlative form of all that; something or someone which possesses all desired qualities PLUS unimagined or unforseen bonuses.
"Your supermodel boyfriend isn't jealous that you're also dating his twin brother?"
"No, girl; he's all that'n' a bag of chips!"