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most likely an amalgam of "sweet" said in the fashion of a long "duuude," used in order to express admiration, intensely likely.

swaaa is used to expressive positive emotion.
"Jenny is coming over."
"hot jenny?"
"yeah hot jenny."
"Swaaa!"
swaaa by technobob October 22, 2009
Related Words

Shaaarpingtonz 

Form of greeting used in anytime of day
Person 1 :Shaaarpingtonz

Person 2 : Shaaarpingtonz
Prank Vs Prank's replacement for the "son" at the end of a sentence.
Are you a PVPeep SAAAN?
SAAAN by Pllidolgame January 12, 2013

swaatshirt 

a common mispronunciation of sweatshirt, usually worn by gangstas
Yo, see that gangsta, he's chillin with that mad ill swaatshirt
swaatshirt by j-rob mad fresh April 6, 2010

Swagadam 

the epitome of swag.. DFA with him cos he will swagaknock you the hell out..

he's so massive that he makes the rock look like someone from Hyderabad.

he benches max rep = 1 universe.

Also known as swagabill williams, swagabawse, swagasaurus rex, swagarun and swagaswag.
his rippling biceps are bigger than most rugby players thighs... D.F.A
a milli in here

im a young swagabilli in here
tougher than that patian hair
my swaggateria compared to your career just isnt fair
im a muscle growing beast, dont compare it just aint fair

swagadam
Swagadam by mpau907 July 22, 2012

Swagabond 

A sub-term stemming from the word Vagabond (1: moving from place to place without a fixed home : wandering
2 A: of, relating to, or characteristic of a wanderer B : leading an unsettled, irresponsible, or disreputable life)

However the swagabond is an individual who is well kept and is unsuspecting to the general public as person who is effectively homeless. Similar to the couch surfer but applies to a more broader group and is specific on style and hygiene.
"Wait, that dude is homeless? He dresses so well, that dude's a Swagabond
Swagabond by ACFXS May 13, 2013