1. A person who is only good at womanising.
2. A male prostitute.
3. A Playa has-been.
A combination of two words: Waste and Waiste.
"Waste" being what the person is.
"Waist" being the only functioning body part the person has.
Colin is a real waiste.
The fair scot in room 4 is a real waiste.
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