Definitions
1.VerbTo (cause to) sway.
2.VerbTo droop; to sag.
3.VerbTo decorate (something) with loops of draped fabric.
4.VerbTo install (a ceiling fan or light fixture) by means of a long cord running from the ceiling to an outlet, and suspended by hooks or similar.
5.NounA loop of draped fabric.
6.NounSomething that droops like a swag.
7.NounA low point or depression in land; especially:
A place where water collects; a low, wet place where the land has settled.
A pass, gap or sag in a mountain ridge.
8.NounA place where water collects; a low, wet place where the land has settled.
9.NounA pass, gap or sag in a mountain ridge.
10.NounStyle; fashionable appearance or manner.
11.NounStolen goods; the booty of a burglar or thief; boodle. .mw-parser-output .defdate{font-size:smaller}
12.NounBranded handout, freebies, or giveaways, often distributed at conventions; merchandise.
13.NounThe possessions of a bushman or itinerant worker, tied up in a blanket and carried over the shoulder, sometimes attached to a stick.
14.NounA small single-person tent, usually foldable into an integral backpack.
15.NounA large quantity (of something).
16.NounA shop and its goods; any quantity of goods.
17.VerbTo travel on foot carrying a swag (possessions tied in a blanket).
18.VerbTo transport stolen goods.
19.VerbTo transport in the course of arrest.
20.NounAlternative letter-case form of SWAG; a wild guess or ballpark estimate."I can take a swag at the answer, but it may not be right."