Webster's Revised Unabridged Dictionary · 1913

Swag

Swag , intransitive verb

[Compare Icelandic 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. [Provincial English]
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]

Swag , noun

1.
A swaying, irregular motion.
2.
A burglar's or thief's booty; boodle. [Cant or Slang] — Charles Reade
3.
(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. [Australia]
He tramped for years till the swag he bore seemed part of himself. — Lawson