a curtain or piece of fabric fastened so as to hang in a drooping curve.
a festoon or garland.
a depression in the earth.
a suspended cluster (as of evergreen branches).
promotional merchandise given away at trade fairs and events.
money or goods taken by a thief or burglar.
arrange in or decorate with a swag or swags of fabric.
travel with one’s personal belongings in a bundle.
Middle English (in the sense ‘bulging bag’): probably of Scandinavian origin. The original sense of the verb (early 16th century) was ‘cause to sway or sag.’