Swag has been changed to represent something or someone that is very current with today's headlines and maybe even seen as thuggish. However, the actual definition(s) is(are):
1. a curtain or piece of fabric fastened so as to hang in a drooping curve.
2. informal; money or goods taken by a thief or burglar.
verb
1. arrange in or decorate with a swag or swags of fabric.
These are the definitions according to Google, so forgive me if they are incorrect and/or inaccurate.
1. n. Flower garland swag
2. n. Their homes offer tempting swag for burglars.
1. v. Swag the fabric gracefully over the curtain tie-backs.
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