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A lot of people using this word are incorrect for the definition for this word, the REAL definition is an aconym for "Secretly We Are Gay" or S.W.A.G. and it's origin by a group of people in the early 60's by a group of gay men in HollyWood (doesn't seem so hip now, does it?). This term was most frequently used as code on posters announcing gay orgies." Which now makes the 13 year old you saw in S.W.A.G. pants look not so innocent, am I right?! I'm no etymologist, but my skeptic organ is pinging hard. I understand the word "swag" pre-dates the 60's by a wide margin. The claim that it was invented in the 60's is obviously wrong, but still, it is possible the usage was as mentioned. Is there any evidence from the 60's? Actual posters? Written accounts? - knowledge given by StraightDope.com, go learn sometihng! :)
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