baggy
baggy /ˈbæg.i/
adjective
(of clothes) hanging loosely because of being too big or having been stretched:
baggy trousers
My T-shirt went all baggy in the wash.
bag /bæg/
verb [I] -gg-
I hate these trousers - they bag (out) (= hang loosely) at the back.
bags /bægz/
plural noun UK OLD-FASHIONED
trousers with a wide and loose style:
Oxford bags