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Means hello, anything new in your life? Identical to wagwaan and wagwan, but is spelt wag1 on chat websites, because it is quicker to type.
Wag1, meh bedrins?
Wag1 by Krackpipe December 15, 2003
'wah gwan' means 'whats going on', taken from the carribean accent 'patois' and daily used as UK slang talk for hello, spelt as 'Wag1' on chat sites and MSN as it takes less time to type
(i)person 1: wag1
person 2: nothing much

(ii)person 1: im mad
person 2: why wah gwan?

use it in any other way and your using it wrong!
Wag1 by Koozee April 30, 2008
It is what people who think they are hard say to each other cuz they cant be bothered to say hello or whats up
Wag1 fam
Wag1 by Ben dover hi March 16, 2020
Wag1 my drillaaaaa
Wag1 by Egglington the 3rd February 25, 2021
Translates to "what's going on?" from wagwaan or wagwan. Means "what's up?" "what's happening in your life?" or even just "hi, how are you?". Used as an internet slang greeting.
guy1: wag1
guy2: safe
wag1 by Sarah Potter May 15, 2007
Wag1
Wag1
Wag1 by Anne franks grandson October 16, 2020