Did you maybe mean schwa?
Definitions
Wiktionary
- n. slang Low-grade or commercial-grade marijuana.
- n. slang Trinkets or promotional items given away at trade shows.
Examples
“The latest schwag is the giant banner that came out in the UK.”
“Freakonomics schwag is up for offer at the end of this post.”
A Freakonomics Contest: The Coase Theorem Online - Freakonomics Blog - NYTimes.com
“I'm a serious conference rat, but this schwag is way outside of my experience, truly a cut above.”
“It's found in skunk, too, but probably the THC / cannabinol is higher than in schwag, which is often pressed, causing the THC to further break down as it becomes exposed to oxygen and heat.”
“It's called schwag or low-grade .... or buying in bulk.”
“I love "schwag", since it's only one letter away from shlag, the German word for whipped cream, and I Heart Germans.”
“Rorstad has been contacting other local stores to request "schwag" from their respective companies for both the auction and for the Grom and Amateur riders.”
“I am told that the medicinal quality is much higher than the street "schwag".”
“Regin peered around for the vampire, her hand unconsciously falling on the schwag sword she wore at her hip.”
“Countering the low-grade imported weed from Mexico, Jamaica and Colombia (a. k.a schwag), home growers converted to sinsemilla (seedless female plants), increasing potency from 2% THC to anywhere from 10% to 25% levels.”
The Huffington Post: Steve Bloom: Legalization or Bust: A Brief History of Marijuana Prohibition
Lists
These user-created lists contain the word ‘schwag’.
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2011 Spelling Bee Bingo
List now closed! Thanks for your "bets"!
Think you can guess the word that will win the 2011 Scripps National Spelling Bee? We've started this open list for your guesses and if you gue...verisimilitude, schwag, zeitgeist, diarrhoea, phlox, peripatetic, psellism, tarradiddle, yemeles, corroboree, Erinacious, polatouche and 19 more...
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mager's Words
enigmatic, pragmatic, pulchritudinous, nincompoop, annihilation, sociality, entailment, acrosome, egalitarian, culture, technocracy, shenanigan and 541 more...
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vozcelik's Words
cranny, tummy, nook, sinister, cajole, frugal, chafe, wimp, booger, patriarchy, indifference, mire and 162 more...
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Favourite Words
sanguine, irk, pith, venerate, anomaly, reprobate, ethereal, antediluvian, obfuscate, wistful, plethora, absinthe and 108 more...
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Arise, Hippikins and Hippettes
A list of what are generally-accepted to be hippy words. List names derives from this quote by Germaine Greer, "To see hippikins and hippettes milling miserably around among the Mecca gorillas who ...
hippikin, hippette, groovy, split, fuzz, cool, hepcat, dig, threads, gut wadding, peace out, dude and 36 more...
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Dahnielson's English Words
schwag, clitterati, ignocrat, feck, manscaping, monetize, crypto-dyke, prickish, cms, tiramisoup, instapreneur, tweople and 5 more...
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zetaday
words that embody peasantry
noice, hallo, brang, breh, sup, um, like, dude, cheers, dank, schwag, meme and 43 more...
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Tip of my tongue
I tend to find myself searching for these words.
insinuate, schwag, coquette, mezzanine, affront, tacit, tantamount, nascent, wisteria, assuage, epistolary, impinge and 40 more...
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words I don't like
Or perhaps more precisely, words for things I don't like. (I am generally not affected by bad feelings upon hearing or reading particular words.)
Tweets
Looking for tweets for schwag.

kirinqueen @ Ben Jackson: the word is indeed "swag", but someone (or probably a number of someones) somewhere picked up this alternate version and propagated it. (Perhaps to distance it from the "stolen" sense of "swag"?) I'm pretty sure the claim that it is an acronym of "stuff we all get" is a folk etymology. Jul 30, 2010
Ben Jackson anyone know the etymology of this word? I'd always thought the word was "swag," an acronym for Something We All Get. Apr 22, 2010
rawiener They had great schwag at the hardware booth during the convention. Aug 13, 2009
muse66 free stuff, often with some sort of branding, frequently distributed at trade shows and other promotional events. Jul 9, 2009
seanahan Shouldn't that be swaglady? Oct 12, 2008
clarsen Schwaglady - a person who goes to corporate fairs to just collect the handouts. Typically carries a large bag to hold all the stuff. Oct 8, 2008
bilby Hippy slang - low quality weed, or just something that sucks in general. Apr 3, 2008