VERB: whenever you are doing something and you get extremely lucky. NOUN: Can also mean that something you recently attained is epic , beast , awesome or etc. relates to a gun in nazi zombies.
Person 1: Wow i get a A+ on my test and i guessed through the entire thing!
Person 2: wow you got a wonder waffle
Person 1: dude check out my new skateboard!
Person 2: well thats a wonder waffle.epic awesome cool the bomb tight