Swag
Swag is actually an acronym meaning Stolen Without A Gun It often refers to illegally obtained aka “hot” items that are often sold out of mob restaurants & pubs or from directly off a truck. Merchandise usually consists of clothing like coats and shoes, women’s accessories; jewelry: watches, rings, necklaces; electronics: computers, televisions, cell phones, etc.
Items that happen to fall off of trucks in New York City are often sold as SWAG out of Brooklyn neighborhood bars.
By White_Boy_Awesome