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Swag as slang- Swag, slang originating in the early 1800s for stolen goods or booty; possibly carried by a swagman Swag, slang originating from the Scottish slang word "swagger" which was a description of the way some Scots walk (in a swaying motion). The word was altered in the English language to mean "the way one presents oneself". Swag, promotional items given away at trade fairs and events The phrase "He/She has swag." only makes literary sense if taken as follows: "He/She has (a way to present oneself as an individual)." Other uses- Swag Stick, a short cane carried by a military officer. Sources: Websters Dictionary and Wikipedia.
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