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1) basically, the suffix -ology- is "a combining form used in the names of sciences or bodies of knowledge" as stated by wikipedia
so swagg means style
so put the two together and you have a -knowledge of style-

2) anybody who has SWAGGology is known as the "Master Of Swagg" because he/or she has the full and complete knowledge of swagg. these people often have a desireable swagg by everyone around them
"man that guys swagg is so cold, its like he wrote the book on swaggology"
by ACEofSWAGG December 14, 2008
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