swag (Noun) — Valuable goods.
swag (Noun) — Goods or money obtained illegally. ex. "It will avail them to dispose of their swag"
swag (Noun) — A bundle containing the personal belongings of a swagman.
swag (Verb) — Droop, sink, or settle from or as if from pressure or loss of tautness.
swag (Verb) — Walk as if unable to control one's movements. ex. "The drunken man swagged into the room"
swag (Verb) — Sway heavily or unsteadily.