Somthing/someone with so much swag ,its just too simple just to call it " swag" therefore its called "swagalicous".
Hey man checkout Marisol's new ninga turtle hoodie along with that awesome bright yellow snap-back shes/that's so "swagalicous" .
,Or when someone says "I'm too 'swagalicous' for you", meaning he/she is too cool,dope,awesome, higher over you.