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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
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2
Low quality marijuana, usually very dry, full of stems and seeds and shit you don't want to inhale; Epitome of the phrase "quantity over quality"
what the fuck is this shwag doing in the bowl? shit man we might as well be smoking dirt.
by stew February 07, 2005
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5
Low grade marijuana. It'll get you high, but it takes a lot of it. Preferably smoked in blunts and bongloads, shwag should definitely not be the first plan of action. Although, if you're fiending and you've got $5 theres nothing wrong with a nice fatty blunt.
Lets go get a dime of some shwag and twist up a couple fatties!
by k manjohnson March 13, 2008
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6
A term originally referring to lousy pot, which has also come to describe anything else lame or inherently sucky.
"I just failed my midterm."
"Man, that's shwag."
by Rainbowgrrl February 11, 2004
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