n. & v.
n. 1 sl. a the booty carried off by burglars etc. b illicit gains. 2 a an ornamental festoon of flowers etc. b a carved etc. representation of this. c drapery of similar appearance. 3 Austral. & NZ a traveller's or miner's bundle of personal belongings.
v. (swagged, swagging) 1 tr. arrange (a curtain etc.) in swags. 2 intr. a hang heavily. b sway from side to side. 3 tr. cause to sway or sag.
[ 16th c.: prob. f. Scand. ]