marijuana, usually of low quality.
Dude, let's go smizzle some of that schwiggity schwag.
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Its is a low quality form of pot, or mariuana
Joe: Did you get that dank?!
Bob: Nope, all i could get was this Schwiggity Schwiggity Schwag...
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Used as a greeting to a friend.
Yo Jeff! Schwiggity Schwiggity Schwag!
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a cool/unique way of asking what's up
John: schwiggity schwag, what's in the bag?
Sara: nothin, just a bag of potato chips (sara is eating potato chips) schwiggity schwag, what's in YOUR bag?
John: nothin, just some math homework (john is doing math homework)
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