The story
From wastepaper basket, humorously modified by adding -agger to the first letters of waste, paper, and basket; compare -er (suffix forming informal or slang equivalents of words).
Etymology from Wiktionary, CC BY-SA 4.0.
wagger-pagger-bagger
wag·ger-pag·ger-bag·gerToday it means: A wastepaper basket. Full definition →