Green’s Dictionary of Slang

1. (US drugs) inferior quality cannabis.

1995		Eble Campus Sl. Dec.
2000		Ebonics Primer at www.dolemite.com 🌐 schwag Definition: shit weed, just barely strong enough to fuck you up Example: I’m was lookin fo some KB’s, but all I came up on was a bag of schwag!

2. (US campus) promotional free gifts.

1997–2002

Hope College ‘Dict. of New Terms’ 🌐 schwag n. Free promotional items that are handed out at a convention, particularly a Computer Science convention.