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Hip jacket, typically with white leather sleeves and two knitted stripes. Was particulary popular with Afro-Americans in the 1970's.
Guy: Hey Liz! Whaddya think of my new varsity jacket?

Girl: Hot, Reymond! Suits your 'swag' well.

Me: *cough* exciting.
by Grijze Pilion November 02, 2012
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Jun 18 Word of the Day
Adj. Something that is expected to have a long lifespan by virtue of having existed for a long time, based on the lindy effect, named for the New York restaurant Lindy's, coined by Albert Goldman and popularized by Nassim Taleb.
cooking with fire is lindy
by mmebs June 13, 2021
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2
Jackets given to football team when they are named either Conference or State Champions.
The Newark Bears went 12-0 last season and went on to win the State Championships, they were given Varsity Jackets in succesion to the State Championship win.
by Thomas Odair February 13, 2006
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