A jagbag could be a friend dependent upon what context it's used in. It could also be used as an insult.
Word was derived from the combination of jagons featured in South Park. The episode was with earth as a reality TV show. The other portion of this word comes from a beer called Jaguar Ice with a black jaguar with florescent green eyes.
What's up ya jagbag, how ya been?
That jagbag slashed my tires.
What the fuck is that jagbag doin' with my woman? I'm gonna slash his fuckin' tires, that cock sucker.
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A woman at a bar who is there for the sole purpose of getting dick. Usually an unattractive female who buys copious amounts of drinks for anyone willing to talk.
"Do you see that girl over there in the mini skirt with her meat flaps hanging out, lets see if Elliot falls for her."
"I woke up this morning not remembering parts of last night and with an extremely unattractive woman, I got hagbagged for sure."
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