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Combination of douchebag and Dickhead. Instead of a douchebag, the person is also a dick.An insult used on someone not as often as douchebag but is more offensive and the right word when douchebag does not properly apply.
Person 1 : Dude i took the last beer in the fridge.
Person 2 : You douchebag
Person 1 : if you think im a douchebag, wait till you see what Person 3 did.
Person 3 : I took a dump on your sink thinking it was a toilet and i am not cleaning it.
Person 2: YOU DICKBAG!!!!!
Dickbag by ^____^ Kekeke May 15, 2011
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A bag containing 36 dicks. No more. No less.

or

Someone who is 36 times worse than your average dick.
Kevin: Hey Mason, guess what I got you for Christmas?
Mason: What?
Kevin: A dickbag!
Mason: It's just what I've always wanted!

or

Matt: I fucked you dad.
Mason: You dickbag!
Dickbag by Barbecued Ribs May 13, 2010
another term for a dickhead, but slightly more offensive.
you took the last beer. you dickbag.
dickbag by dirk dig November 19, 2004
Shut the fuck up, dickbag.
dickbag by Z. Goldfish August 26, 2005
usually used as a light insult, toward solely friends, as it is not really insulting at all; a jerk; sometimes used in place of idiot;
jim: bob, i've got a confession to make.
bob: yea, jim?
jim: i fucked your mother.
bob: you dickbag!
dickbag by sir nathaniel September 25, 2008
A mix of someone acting like a douchebag and a dickhead. Therefore, a Dickbag. Meant as an insult, if someone takes it as a compliment, that means they're more fucked up in the brain.
"My ex is such a dickbag for cheating on me"

"that girl really needs to shut up an stop being such a dickbag."

"Why must our teacher be such a dickhead??"
Dickbag by Country_girl February 25, 2013
A loud boisterous asshole who also happens to be a huge douchebag.
Hey Guy P., stop being a dickbag you kike!
Dickbag by Bob Baker NSCHOF August 10, 2015