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Sick bag 

Where a person is sick in a bag, and then tries to sell it too people or may even trade sick bags. A way of purchasing or buying something if bankrupt or have no money.
"Sick in a bag, Sick .. in a bag anyone?"

"OMG! That Dude is actually tryin to sell sick!!!" ... "IN A BAG!??" "I'm confused man??" .. "You should be dude .. you should be".. "it's a sick bag". :)
Sick bag by yo yo yo Manc July 12, 2010
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The Sick-bag

The sick-bag is an act reserved for no strings attached college sex. The act involves drinking obsessive amounts of hard liquor, preferably Johnny Walker Red, and convincing the female to allow you to provide oral stimulation. Wait until you are about to be sick to begin the act and make sure to pull the labia open in order to vomit highly acidic liquor vomit directly into her vagina, aiming for her cervix. Thus using her vagina as an airline sick-bag. Coitus after vomiting will help to ensure that the smell will never come out of her Netherlands.
Oh dude, I got blitzed at theta chi last night and totally gave that bitch the sick-bag!
The Sick-bag by Chuggo May 16, 2009
Related Words
When something is sickbag, it is beyond sick/ill to a new level of awesomeness. Usually used when something turns out in a fortuitous manner, or else when something is so brilliant that it must be proclaimed to the surrounding members of the group Originated deep in the heart of VT. Also see Kablamo
(If you win the lottery) "OH SICKBAG!"
(If you see a big explosion) "That was so Sickbag"
sickbag by J Murda April 22, 2005