Depending on the definition, yes, yes, and no. SWAGG can mean Stuff We Ain't Gonna Get, or SWAG can mean Stuff We All Get. Either is pretty lame. But SWAG can also mean Scientific Wild @ssed Guesses... which can be pretty cool, if you think about it.
ROFL... give it a few years. Your opinion will change many times regarding absurd youth/teen FADs as you mature into an adult. Me...? Mood-rings and platform shoes are still the dumbest, then maybe the whole "Valley" speak (but amazingly that's become cool again) Wait until it dies... Then becomes cool again in 20 years.