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A metaphorical "wagon" full of swagger that, if tipped, will lead to great punishment.
That bitch tried to tip my swaggerwagon. I beat her ass before she could even come near it.
a swaggerwagon is a type of vehicle that you wouldn't be caught dead in and is so shitty that it just makes it so awesome to where it has intense swag.
friend: dude, why the hell do you drive a mini-van?
person: yo don't be dissin. its not a mini-van. its a swaggerwagon.
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Describing a car that is so cool and amazing that you have no words to describe it except for this one
Oh my god! Look at that swaggerwagon!