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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 November 7, 2007
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

schwiggity schwag, what's in the bag? 

a cool/unique way of asking what's up
John: schwiggity schwag, what's in the bag?
Sara: nothin, just a bag of potato chips (sara is eating potato chips) schwiggity schwag, what's in YOUR bag?
John: nothin, just some math homework (john is doing math homework)
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