Green’s Dictionary of Slang

swagged up adj.

also swagged out
[swag n.1 ]

(US black) possessing an abundance of jewellery, ostentatious or expensive clothes.

Mike Jones ‘Happy Birthday’ 🎵 Shawty in the club swagged up like it’s her birthday.
DJ Khaled ‘Welcome To My Hood’ 🎵 Swagged-out nigga, Bugatti with the paper plate.
Future ‘Nunbout’ 🎵 I’m swagged up in Versace.