it is a term used to describe a clutch incident for someone that possesses "swag".
Ex:
(while playing monopoly)
One: Oh man, you are so going to land on my hotel properties this turn.

Two: Nah, that ain't me. I am going to roll a 7 and land on free parking.

(Rolls a 7)

Two: SWAG SLIDE!
by qbrw January 7, 2012
Get the swag slide mug.
Swag Of Which comes from riding on a slip and slide.
Of which normally comes from Lowered swimwear Whilst sliding.
Oh That girl has "Slip and Slide Swag"
by Darth Revan12 July 24, 2011
Get the Slip and Slide Swag mug.