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An expression used to describe something that is über cool, awesome, amazing. From the slang word "rad" an abbreviation of 'radical'--made popular by the Teenage Mutant Ninja Turtles and skaters in the 80's. Being rad is the highest compliment you can give. Also used as an expression of awe.
"I couldn't decide whether to get the Ferrari or the Jag so I got both"

"Radbag!"
radbag by dds007 September 21, 2012
Related Words

Randagulous 

Paige: Oh wow. He's so randagulous.

Jen: Oh so totally.

Man (Named James): Why thank you.
Randagulous by IAmTheSuperman January 25, 2010