These are legal terms in maritime law. Flotsam is any part of the wreckage of a ship or her cargo that is lost by accident and found floating on the surface of the water. Jetsam are goods or equipment deliberately thrown overboard (jettisoned) to make the ship more stable in high winds or heavy seas. (Lagan are goods cast overboard with a rope attached so that they may be retrieved and sometimes refers to goods remaining inside a sunken ship or lying on the bottom.) The term flotsam and jetsam shore-side means odds and ends of no great value.