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The feeling, like the term "schwa (the phonetic term to describe the "dead vowel" that native English speakers use instead of a definitive vowel), describing an event that was neither good, nor bad, exciting nor dull, etc. It is used mostly when answering the question, "How was your day?". People who are sick and tired of just the reply "good" will use, or ask others to use this instead.
"How was your day?"
"Schwaggy"

"How was your midterm exam?"
"Schwaggy"

"What provoked you to make the term 'Schwaggy'?"
"Linguistics at TWU..."
schwaggy by burntsienna October 18, 2009
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shitty weed that, when broken up, hairs, seeds, and stems need to be picked out and discarded. it is usually shipped in bricks and sold at a discount. it makes you stupid and smells like shit while being smoked.
brownishgreenwithseedsstemsandhairs weed=schwagg

"do you have anything"

"just my parents schwagg"

"fuck, get the papers"
schwagg by johnlf January 24, 2008
Faggots who smoke hefty amounts of shitty schwag.
"Those schwaggots don't know shit about dank."
schwaggot by natcat April 18, 2008

schwaggtastiq 

Excellent, amazing, kick-butt. Root-word "swag"
That hat is so Schwaggtastiq...you're looking mighty Schwaggtastiq today.
shitty weed. Always brown in color, containing 40% "marijuana" if thats what you want to call it 60% stems and seeds. It tastes like you're smoking mulch, and gives you a headache and a high that takes 100 points off of your I.Q. which is best cured with the unavoidable nap that comes with smoking schwagg.
You must have gotten this schwagg from Mr.Crackhead Magee from the laundry mat, its the bomb!
schwagg by TCamper August 28, 2005

Schwagger Napper 

Talking such a big shit, that you have to lay down for a few minutes after.
Man, I just could the biggest schwagger napper, I need to lay down for a few minutes before we go.
Schwagger Napper by fezzyone October 8, 2011
Describing lousy, dry, poor quality weed.
"I tried to score some bud, but all that had was this shwaggy high school weed."
Shwaggy by RatBastid July 22, 2016