Yes that. There are also many other uses of the word
Swag, slang originating in the early 1800s for stolen goods or booty; possibly carried by a swagman
The Swag, a magazine published quarterly for Catholic priests and deacons of Australia
Swag was a United Kingdom prankshow broadcast on Five from 2002 to 2004.
Swag, a type of window valance, often in combination with a full curtain underneath
The list goes on