A bag used by people who have too much swag for their body to contain, in which they store their excess swag.
person 1: hey man, can you hold this for me.
person 2: no, sorry man, my hands are full.
person 1: oh what are you holding?
person 2: it's my Swag-Bag.
person 1: my bad man, I always wondered how you were able to have such a high level of swag.
person 2: yeah, I have a swag level over 9000
A goodie bag that contains various useless yet irreplaceable items packed into a dufflebag, usually given at parties or by sponsers. Sometimes just uselesshouse-hold items with a brand-name insignia on them
"Our sponsers left us a Swag Bag full of coolmerch, such as one-zie pajamas" - Mark, Real World Road Rules Challenge Challenge
Similar to the phraseIn my Bag, and Swag. Refers specifically to a state of confidence, charm, and luck with the opposite sex. Usually due to dress, attitude, or level of intoxication.