swag

1 [swag]
noun
1.
a suspended wreath, garland, drapery, or the like, fastened up at or near each end and hanging down in the middle; festoon.
2.
a wreath, spray, or cluster of foliage, flowers, or fruit.
3.
a festoon, especially one very heavy toward the center.
4.
a swale.
5.
a swaying or lurching movement.
verb (used without object), swagged, swagging.
6.
to move heavily or unsteadily from side to side or up and down; sway.
7.
to hang loosely and heavily; sink down.
verb (used with object), swagged, swagging.
8.
to cause to sway, sink, or sag.
9.
to hang or adorn with swags.

Origin:
1520–30; perhaps < Scandinavian; compare Norwegian svaga, svagga to sway, rock

Dictionary.com Unabridged

swag

2 [swag]
noun
1.
Slang.
a.
plunder; booty.
b.
money; valuables.
2.
Australian. a traveler's bundle containing personal belongings, cooking utensils, food, or the like.
verb (used without object), swagged, swagging.
3.
Australian. to travel about carrying one's bundle of personal belongings.

Origin:
1860–65; special uses of swag1

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
swag (swæɡ)
 
n
1.  slang property obtained by theft or other illicit means
2.  slang goods; valuables
3.  an ornamental festoon of fruit, flowers, or drapery or a representation of this
4.  a swaying movement; lurch
5.  dialect (Midland English) a depression filled with water, resulting from mining subsidence
6.  informal (Austral), (NZ) (formerly) a swagman's pack containing personal belongings
7.  informal (Austral), (NZ) go on the swag to become a tramp
8.  informal (Austral), (NZ) swags of lots of
 
vb , swags, swagging, swagged
9.  chiefly (Brit) to lurch or sag or cause to lurch or sag
10.  (tr) to adorn or arrange with swags
11.  informal (Austral) (intr) to tramp about carrying a pack of personal belongings
 
[C17: perhaps of Scandinavian origin; compare Norwegian svagga to sway]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Dictionary.com's 21st Century Lexicon
Main Entry:  swag
Part of Speech:  n
Definition:  See schwag
Main Entry:  swag
Part of Speech:  n
Definition:  See schwag
Dictionary.com's 21st Century Lexicon
Copyright © 2003-2014 Dictionary.com, LLC
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Etymonline
Word Origin & History

swag
"to move heavily or unsteadily," 1530, probably from O.N. sveggja "to swing, sway," cognate with O.E. swingan "to swing" (see swing). The noun sense of "ornamental festoon" is first found 1794. Earlier senses of "bulky bag" (c.1300) and "big, blustering fellow" (1588) may
represent separate borrowings from the Scand. source.
Online Etymology Dictionary, © 2010 Douglas Harper
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Slang Dictionary

scientific wild ass guess definition


and SWAG
  1. phr. & comp. abb.
    a simple guess. (Often objectionable.) : I don't know at all. That was a SWAG. I always use the SWAG system.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition.
Copyright 2007. Published by McGraw-Hill Education.
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FOLDOC
Computing Dictionary

SWAG definition

jargon
Scientific (or Silly) Wild Ass Guess. A term used by technical teams when establishing high level sizings for large projects.
(2000-08-09)

The Free On-line Dictionary of Computing, © Denis Howe 2010 http://foldoc.org
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Encyclopedia Britannica
Encyclopedia

swag

in architecture and decoration, carved ornamental motif consisting of stylized flowers, fruit, foliage, and cloth, tied together with ribbons that sag in the middle and are attached at both ends. The distinction is sometimes made between a swag and a festoon by limiting the former to festoons entirely made up of folds of cloth.

Learn more about swag with a free trial on Britannica.com.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Example sentences
Of course, it is open to a thief who believes his swag might have been so
  marked to attempt such cleaning himself.
Other noteworthy submissions will get other small space swag.
After that, we'll randomly select two commenters to win the swag.
She puts a swag on the back door and wraps her house's columns in garland
  roping.
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