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Hagw is a dirty way to say Have A Good Wank. People use it when they're leaving at night and don’t want to be seen again. It’s like giving a middle finger to the day.
Bro, I’m out. Hagw, you stinkin’ pile of trash.
See ya later, Hagw. You’ve been a pain all week.
Hagw, you’re the worst. I’ll be back to haunt you.