swag

valuable goods

goods or money obtained illegally

a bundle containing the personal belongings of a swagman

A swaying, irregular motion.

A tramping bushman's luggage, rolled up either in canvas or in a blanket so as to form a long bundle, and carried on the back or over the shoulder; -- called also a bluey, or a drum.

droop, sink, or settle from or as if from pressure or loss of tautness

walk as if unable to control one's movements

sway heavily or unsteadily

To hang or move, as something loose and heavy; to sway; to swing.

To tramp carrying a swag.