Swag, is an overused slang word with many meanings. Some say that it means "something we've all got", others think it is a shortened version of "swagger", some "secretly we are gay", and one I've heard more recently "sexy with a bit of gangsta". The term is most commonly used by teenagers on the internet who think they're cool.
Romeo: Juliet, why can't we be together?
Juliet: lol because we have too much swag!
Romeo: lol #yolo, yeah we do, let's kill ourselves. Swag.
Juliet: Swag.
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