Well In the realm of my thinking, SWAG stands for
SCIENTIFIC WILD ASS GUESSING. When there is no real starting point or direction given as in the poem, you just start guessing to fill in the blanks based on places you have been or read about. The poem means different things to different people. There mental picture pertains to them alone.
In a REAL set of clues, the meaning is based on the location of the target, but without a starting point all is lost.
The starting point is in effect, the KEY that opens the rest of the clues.
example: where warm waters stop could be a point on the gulf stream somewhere off the Atlantic coast or it could be the hot water faucet in Fenn's bathroom. The poem, without a starting point is actually meaningless!
Frank...-
View attachment 1030260