swag Definition

1. slang
Stolen goods.
(Austral)
2. A traveller's pack or rolled bundle of possessions.
3a. A garland of fruit, flowers or foliage that is hung between two points;
3b. A representation of this, eg in plasterwork, as a design on wallpaper or fabric;
3c. Fabric that is hung to give this effect, eg at a window.

intr
1. To sway or sag.
2. To drape (eg curtain fabric) in swags.
(Austral)
3. To travel around on foot with one's possessions in a bundle.

Form: swag it (often)