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an adjective, used the same way as cool.
Person One: "We're gonna meet at the movies at eight tonight, okay?"
Person Two: "That's schwam."
schwam by Little Chunky Foo Foo January 22, 2006
Schwam's are pink single speed bikes. They are built in Boulder, CO. Generation one was built in the summer of 2004.
"What is that?"
"Its my SCHWAM"
"Does it have gears?"
"Gears are for guys that can't get girlfriends!"
schwam by elchachador January 4, 2009
A slang term for marijuana, perhaps originating from the word "shwag." Can also be used like the verb "to smoke."
Dude, I just bought an 8th of schwam and were gonna blaze it all tonight.

We're going to schwam before we watch Half Baked.
schwam by Miguel Willows September 22, 2005
An incident involving a man having sex with a hot girl on a beach in Spain (or Portugal).
Dude, I had the best schwam in Spain last summer.
schwam by Jon #1 November 19, 2006
Rabaka's way of counting. It is the equivalent of ONE. Derived from the insane group called Group X.
Teacher: Children, let's count to ten.
Ralph: SCHWAM!
Schwam by EMLINIA January 8, 2005
meeting up, going out, or chilling with your best friends; can also refer to a one night stand with an old friend
"Call my cell if you wanna meet up and schwam!"
"So Sarah and I decided that after ten years it was worth a schwam or two."
schwam by DM Cook November 11, 2004