The conversation thing

Developed by exalead.com team, baagz.com [currently in its beta form] aims to become a new form of social networking. Sharing multiple forms of content, not just a mere profile of oneself is the target for the baagz team.

Short dictionary - extract from the baagz brochure

baagz is the name of the service
a baag (plural baagz) is a shared interest
baagboyz and baaggirlz is what you expect, and they are all baagerz
to baag an information is to put the information into a baag
let’s bag it! is what a user say when finding a cool site

I am waiting to be accepted as an user (so far registration is only by means of invitation, so I have to wait for now) and dive into this new social networking ubercool site