Goblin Rag

A snottery old hanky, dropped by a previously trapped Goblin, containing a chuck of slightly snottery amber

Shall we pick up the Goblin Rag?
At least wipe the snot off first.

slong rag

Slong Rag means that you play with your Slong (As in dick) .

Carson- "Hey Bro, wanna go to the party tonight?"
Michael- "No, those girls are ugly, and I would rather Slong Rag."