1. a statement which describes the unfortunate, the sorry, or the lowly, but not as to demean the person. the term "jagbag" is generally used as a term of endearment - a way to let them know they are down, but not out.
2. someone who is doing something unintelligent.
3. by adding -ing can also be used as a verb. "he's jag bagging around." meaning the person is wasting too much time doing something stupid.
1. The sock a young boy continually masturbates into.
2. If there were ten deuche bags in a line and one was to be chosen as the biggest deuche bag out of those ten said deuche bags that person would be also known as a jag bag.
1. Timmy's mom got an unpleasant surprise when she was cleaning his room and came across his jagbag.
2. Michael Polinko, the 40 year old with a genuine bowflex body who plays in a rock band is a jag bag.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.