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Frosh swag can be used in several different ways. It can be used in a derogatory or complimentary way, or just as a descriptive word.

It could be used to compliment a frosh if they do something cool or good. It could also be used to put them down if they do something that is very typical of a frosh/freshman. When not used to compliment or put down, it can simply be used to recognize their presence or a specific action they are doing.
That kid has mad frosh swag! (compliment)

I cant believe how much frosh swag that kid has.... (derogatory)

Frosh Swag.... (recognizing)
by pacpowers December 04, 2011
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