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A term used by twelvie morons that wear baseball caps backwards, have their pants sag half way down their arse crack, wear Converse sneakers and generally act like douchebags on public transport by blasting crappy dubstep and pop music through the tinny little speakers on their phones. Yoloswag to them means 'oh yeah, fuck i'm good, just ask me' but to the sane population all we see are whiny little douchebags that need a smack in the head with an ASP expanding baton.