Top Definition
A bracelet given to a friend as a semi-joke, preferably a tasty looking one,woven or made of a thread like fibre.Once it is broken they owe u a shag. Easily obtainable from Camden market, once it is broken there is no turning back. Alternative rules stipulate it is the breakee of the bracelet who must do the nasty with the wearer, not the giver.

Alternative definition: Shag Band
E.G. Babe: Dude, u just broke my shag bracelet!
Dude: Righteous! Doggy-style or missionary?
door kitty*karla 30 mei 2006

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