1. Any free or extra goods, usually given to employees or workers.

2.Cannabis of very, very low potency and quality, usually harvested too early or too late in the growing cycle. Schwag is stereotypically associated with marijuana that comes from Mexico, pressed into bricks to facilitate easy transportation across the border. It is very cheap and very unhealthy, as much more is smoked to achieve a high than higher potency marijuana.

>Also known as catnip