S- Something
W - We
A - All
G- Get tired of hearing

Idiot-speak for "cool".

If you know any person that has used the word swag more than 5 times in their life, you can go ahead and assume 1) they will never graduate from High School 2) they will probably never amount to anything and 3) they will never be smarter than a street light.

1. ORIGINAL Defintion: "Super Wild Ass Guess"

This term arose out of the military from WWII, generally attributed to field artillery officers who asked their spotters to "swag it" when asked for an approximation of how to adjust. This expanded to all of the military, and then entered use by the rest of the world. "Swag" with this meaning has been around for nearly 70 years and is still used widely in the military and business world to this day.

2. Something given out to everyone within a specific group of people, be it the PTA, or all the attendants of a seminar, or even all the people visiting a certain booth at a convention. Also items within a bag of the same name as in "Swag bag"

3. Very recently (late 2000s, early 2010s), coming out of the ghetto, a shortening of the word swagger, used in place of extreme confidence/cocky attitude. Also see tude

A pirates booty, loot, treasure, or stolen goods.
May also be used with respect to thieves (but not scumbag robbers)

Sex with a goat.

A term reinvented by the younger generation. Swag is an abstract and often intangible concept. Generally is used to describe a certain way of carrying oneself that conveys a certain effortlessness in all aspects of life - someone who has "swag" employs a fluid body language and lazy or careless behavior to give off a sense of inner peace and absolute confidence. Clothing also plays a large role in one's swag - generally it is associated with urban hip-hop themed apparel, generally with either bright colors or the prominent use of white so as to appear more "clean". this look does not work for everyone, and is generally only used by the upper class. more poverty-ridden individuals who seek swag can use a variety of clothes - ultimately swag is not about one particular style, but about the individual's ability to find and maintain a style that suits their personality.