Course, it is not just albums, there have been plenty of songs with the word bawbag in the title.
Whose that bawbag? - Eurythmics
The ballad of Tom Bawbag - Space / Cerys Matthews
Love in a bawbag - Aerosmith
Working class bawbag - John Lennon.
and of course the title track of the aforementioned, magnificent, flaming lips album
Yoshimi battles the pink bawbags.