Abbreviation of sweet as, new zealand slang used either as a positive response, ie yes, no worries, no problem; or a description meaning great, all good.
Parody of SWAG, Acronym for (S)ecretly (W)e (A)re (S)was: SWAS. Results in an infinitelooping acronym, causing fissures in reality.
Bill: Hey dude did you know Swag stands for secretly we are gay?
Bob: Yeah man thats the oldest trick in the book, but have you heard of S.W.A.S?
Bill: No?? What does it stand for?
Bob: Secretly we are S.W.A.S.
Bill: That makes no sense...What does S.W.A.S mean??
*Reality Collapses*
A man or woman wielding a weapon, i.e. a gun, knife, or deadly fists that demand you allow them to take your underwear in collateral with your life. The Swass Bandit may go impromptu during the theft and demand you spread your butt cheeks so they can sniff and lick your sweaty asshole. This will usually happen within the hottest months of the summer.
Whilst walking home home from work, it was really hot and I was ambushed by a Swass Bandit. She came out of the bushes and demanded to sniff my panties. I happily obliged as the knife was sharp, and readily spread my ass cheeks to indulge the Swass Bandits fetish.
Combination of the words Sick, Wicked, and Nasty. Swasty is a term used when in the presence of something amazing. Used because saying 1 of the 3 words is just not enough to express its magnitude.
"DAMN, did u see that dunk?! That was swasty!"
"That movie was too swasty!"
"That was possiblythe most swasty thing I have ever seen."