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When you see something that is high in swag, you say 'swag meter' to indicate that the swag-o-meter is going off.
Person 1: *walks into a store and sees a kick ass pair of nikes* "Wow, swag meter."
Person 2: *Looks at the nikes person one sees.* "That is a definite swag meter."
by Swagga-meter August 26, 2011
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