A word that was extremely overused from late 2010 to early 2012, and is now nothing more than a joke. The word "swag" once had many meanings, such as "Stuff we all get", "Scientific wild ass guess ", and even just "stolen goods". The term was eventually used as ghetto slang for "swagger", and just like all ghetto slang, it caught on as a term used by preppy teenfags and douchebags alike. The overuse of the word annoyed a lot of internet users and eventually spawned a popular meme that spread though Facebook claiming that swag really is "a 60's acronym thought up by closet homosexuals standing for "secretly we are gay" ", and even though that is a load of bullshit, it actually got the sheeple of Facebook to stop using the term.This day in age , saying swag in a non-sarcastic way in public will probably just end up getting your ass beat, as it is no longer "in style", even for preppy teenfags. The term is still used by internet trolls, and as a joke, but that's about it.