Low bag (verb) or 'low bagging'. This is when someone leaves early from work but doesn't want other people to know. So he/she keeps their bag low as they walk out the door not saying anything to anyone so it looks like they're just going for a toilet or coffee break.
Woody has gone and done a low bag again. It's 4.45pm and he's nowhere to be seen!
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To wear one's trousers low. The trend originates from when prisoners weren't allowed belts in jail so their trousers would fall down.
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"Fucked-up hoe-bag" as censored by FXM when they air 'The Descendants'
Alexandra King: "Hey, Scottie! Raina's a muffed-up low-bag and you need to stay away from her! And she's going to be a meth-head and she's gonna get used by stupid guys!"