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used during competitive gaming. derived from toe tags and body bags. should only be said after a sweet kill. can be compared to pwned or owned or any other word with a similar use.
*player 1 frags player 2 and 3*

Player 1: "tag em and bag em!!!!!"
player 2 + 3: "i hate u."
by Peter L March 11, 2008
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Hooking up with someone and then talking about it to everyone
Guy 1: are we going out?
Guy 2: yes
Guy 3: can’t wait to get that poon
Guy 4: alright boys bag ‘em and tag ‘em
by DJABBYCHRIST October 6, 2019
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