A device used to measure how much swag an object or personmay have.
Guy #1: Whoa man check out that dude over there!
Guy #2: He looks pretty chill. How much swag does he got?
Guy #1: Lemme pull out my swagometer and check...
(Guy measures swag)
Guy #1: About 3 or 4, maybe 7000
12 step recovery jargon referring to someone new who talks about how great life is, now that they'resober. Usually meaning that the person is out of touch with reality.
The new guy seems pretty happy for a dude who has no job, no money and no family. He must be on a pink cloud.