1) weak or impotent cannabis or dirt weed; 2)something of exceptionally poor or low quality which is generally looked down upon.
1) Tom refuses to buy or smoke schwag weed - he only likes kind bud.
2) The people joked that Tom has a schwag car, but little do they know he is planning on buying a new Audi next week.
by spo jboovdfmmj May 28, 2004
by Mike January 13, 2003
by schwag-girl March 04, 2004
by A Fellow Stoner August 29, 2004
James Bond has a lot of Shwag.
by RS1200 December 12, 2015
by 2day September 07, 2005
by Arch Enemy April 06, 2006