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Schwicky Schwag 

An anagram for "Liberty Launcher", a weapon in the 2007 First Person shooter Team Fortress 2
"What's a schwicky schwag? what does that even mean?"
"It's the liberty launcher!"
Schwicky Schwag by ferkon December 6, 2020
Related Words

Schwagtrulescent

When something, anything, suffers from a lack of quality in the way that schwag weed sucks. A chronically bitchin person, place, item, music or event can never be schwagtrulescent. Having the essence of schwagg is never a good thing, unless it is actually schwagg weed and that's all you can afford.
Fuck this loser frat party - this party is way too schwagtrulescent.
Schwagtrulescent by TNTNeal December 1, 2010

Schweggie 

A term used in the entertainment industry; specifically in Los Angeles, California, to bring praise to someone in an award-like fashion for being extremely selfless while on the job. Named after Hollywood Producer William Allan Schwegmann, this term is becoming more and more commonly used in Hollywood vernacular.
"And the Schweggie of the day goes to...."
Schweggie by HollywoodTinman May 28, 2016
Schwoen is a word that can mean anything and everything at anytime. Usually derogatory.
* "That guy looks real schwoeney."
* "Who wants to go down to schwoen town and get me some schwoenies?"
Schwoen by Ray Bullock September 10, 2010

Schwagstock 

a summer-long series of weekend camp-outs/concerts that is a tribute to the music and vibes of the Grateful Dead
"The Schwag is playing at Schwagstock '07!"
"No shit."
Schwagstock by SchwaggedUrMom February 7, 2008

schwagster 

1. Someone who partakes in the act of smoking schwag.
2. Someone who does anything undesirable or low grade.
"I don't even know if I want to hang out with Jon. He's been such a schwagster lately
schwagster by youaintpimpin November 7, 2007