Simple past tense and past participle of swag.(verb)
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Use "swagged" in a sentence
"R&P's stores still channel that old-fashioned glamour, with swagged curtains and thick red carpets patterned with gold, but the company has consciously moved with the times ushered in by upmarket, risqué rivals such as Agent Provocateur."
"So when Von Teese appeared on the catwalk wearing a floorlength, long-sleeved black dress, caught at her miniature waist with a jet black belt and lushly swagged over her hips and bosom, nothing seemed amiss."
"Her skin seemed swagged, loose, and there was nothing much to read in Mary's eyes."