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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I spent less and got scwhag, could have spent more and got dank.
by Mike January 13, 2003
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advertising that stays, ie. t-shirts, coffee cups, pens, lighters, ball caps, bumper stickers, etc.
Yeah, I went to the car show and came home with a whole lot of schwag in a bag.
by schwag-girl March 04, 2004
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SHit We All Got.
Normally free pot that you only use when you are fiending.
They dealer just gave me some free shwag.
by A Fellow Stoner August 28, 2004
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1. dirt-boor bud.
2. term denoting that a thing or person is lame/offensive.
1. "Sorry man, all I got is shwag."
2. "Dude, that guy is such a fucking shwag hippie."
by 2day September 07, 2005
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a less expensive and less potential type of weed also known as dirt weed..
1. " i dont have enough money for all of us, lets buy some shwag.."

by Arch Enemy April 06, 2006
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