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(countable noun) Usage note: This is the usual term used by all speakers.
1 A bedding roll, usually made of canvas, for sleeping in the open air. Some swags are like long sleeping bags, but more solid.
Example: Slept in my swag under the stars for two nights and that was an amazing/unique experience - the stars were so incredibly beautiful. (http://www.aussieassist.com/testimonials.htm)
2 A collection or number of things, such as a ‘swag of ideas’.
Example: Mel, who owns a photographic business, is selling a swag of shares to pay for a renovation. (http://www.smh.com.au/money/investing/tools-to-beat-the-market-20100807-11p9t.html)
Sleeping in a swag and rolling the swag up later
(photos by Athena Kerley)