My recollection is that we here in the Los Angeles area called our tokens, whatever they actually were, a "lagger". Did others, anywhere, use that term?

We also pitched coins against a wall, the coin closet to the wall winning. We also were said to be "lagging" coins. Same with baseball cards...who knew if we just saved them, and kept them in pristine condition, some would become worth bo koo bucks thirty or forty years later?!

Finally, the only use I remember that I could find for "lag" "lagging" is the way to determine who has the break in billiards (pool).