Noun

1. A burglar's or thief's booty; boodle.
2. a bushmans' possessions tied up in a blanket and carried over the shoulder on a long stick.
3. handouts, freebies, or giveaways, such as those handed out at conventions. (The backronym "Stuff We All Get" has been suggested for this meaning, but it is probably not the etymology.)
4. a wild guess or ballpark estimate (The backronyms "Sophisticated Wild Ass Guess", "Stupid Wild Ass Guess", and "Scientific Wild Ass Guess" have been suggested for this meaning, but it is probably not the etymology.)

   I can take a swag at the answer, but it may not be right.

5. a loop of draped fabric
6. a low point or depression in land, esp. a place where water collects.

Quotations

• 2005, Alan Hollinghurst, The Line of Beauty, Bloomsbury Publishing, paperback edition, 438

  He looked in bewilderment at number 24, the final house with its regalia of stucco swags and bows.

Verb

1. To sway or cause to sway
2. To droop
3. To decorate (something) with swags