I'd like to argue that it's rather the extreme connection density and feedback loops that connect all these different concepts. Taken on their own, each of these models that the brain (and perhaps artificial neural networks) construct are weak predictors. This is compensated for by their sheer number and the plasticity of the feedback loops between them.
As you say, when a human observes a plastic bag, a vast number of different models and transformations aggregate their predictions in a highly nonlinear fashion:
The bag has a plasticky look, it seems to be flopping around, it is slightly see-through, it produces a certain sound that implies a hollow cavity etc... these primary observations are processed by the sensory neurons, which do a first pass filter to remove noise completely subconsciously. If they don't get enough feedback, perhaps it was just a mirage of a bag - not real - and you do a double take and realize it was just a play of shadows.
But let's assume first pass feedback confirms that it is likely a real sensation. The primary inputs are then confirmed by secondary predictions:
The bag is carried by the wind, implying low density, the sound it makes is common for empty thin plastic materials, it has a matte surface that lets through some amount of light, etc... the subconscious thus makes the conclusion that it is indeed probably made of thin plastic and therefore of low density and low hardness and therefore not a threat in terms of high velocity impact. Your swerve reflex thus doesn't kick in and you drive straight.
But this reasoning requires an in-depth model of the world. It isn't enough to just recognize the shape of a bag, because that could be a myriad of other things. Only by having a model and thus understanding of all these different aspects of reality can one make a prediction as robustly as a human. And that is not a high bar, because humans are not good at predictions, let alone on short timescales. We are prone to biases, sensory errors, local minima from past bad experiences, basically the lot.