The next level of douche-baggery. This is the top-of-the-line version of a douchebag. A douchewaffle often cusses excessively, makes fun of those who are often smaller than him/herself, thinks highly of him/herself, may have been abused as a child, and usually has an IQ relative to that of a monkey. Can also be considered a flat out moronic asshole.
Jake: Wow, that guy is such an asshole... GOD he pisses me right the fuck off!!!
Joe: I know what you mean dude... that guy's a real douchewaffle.