Swag \Swag\, v. i. [imp. & p. p. {Swagged}; p. pr. & vb. n. {Swagging}.] [Cf. Icel. sveggja, sveigja to bend, to sway, Norw. svaga to sway. See {Sway}.] 1. To hang or move, as something loose and heavy; to sway; to swing. [Prov. Eng.]
2. To sink down by its weight; to sag. --Sir H. Wotton.
I swag as a fat person's belly swaggeth as he goeth. --Palsgrave.
3. To tramp carrying a swag. [Australia] [Webster 1913 Suppl.]
Swag \Swag\, n. 1. A swaying, irregular motion.
2. A burglar's or thief's booty; boodle. [Cant or Slang] --Charles Reade.
3. [Australia] (a) A tramping bushman's luggage, rolled up either in canvas or in a blanket so as to form a long bundle, and carried on the back or over the shoulder; -- called also a {bluey}, or a {drum}. (b) Any bundle of luggage similarly rolled up; hence, luggage in general.
He tramped for years till the swag he bore seemed part of himself. --Lawson. [Webster 1913 Suppl.]
Rolled up, the swag is the bushman's suitcase, indeed his home, and all his possessions are packed inside and tightly strapped to keep out the dust. Creek beds can be dangerous places.