Bagging got nerfed. Does the bagging strategy still work after the Wave 6 DLC update?*

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Bagging: waiting near last place for good items (bullet bill, shock/lightning, star, golden mushroom, mushrooms) and using them to make a comeback. This lets you get to 10 coins and stay away from attack items, and you can potentially dodge the shock or do item smuggling.

*except waluigi stadium