¦ noun
1. an ornamental festoon of flowers, fruit, and greenery.
a curtain or drape fastened to hang in a drooping curve.
2. informal money or goods taken by a thief or burglar.
3. Austral./NZ a traveller's or miner's bundle of personal belongings.
4. Austral./NZ informal a large number or amount.
¦ verb (swags, swagging, swagged)
1. arrange in or decorate with swags.
2. Austral./NZ travel with a swag of belongings.
3. chiefly literary hang or sway heavily.
Origin
ME (in the sense 'bulging bag'): prob. of Scand. origin.