look up any word, like sparkle pony:
 
1.
A conclave of pubescent male humans espousing their burning desire for the acquisition of female companionship while engaging in behaviors which are mutually exclusive to said stated goal.
IWAC is hosting another original Star Wars Trilogy viewing party/Dungeons and Dragons tourney this weekend. They'll all get laid, no doubt.
by bobbyflats May 12, 2009
 
2.
IWaC is most commonly used for I Want a Cookie. It can be used as in I want some sweet, but since cookie has multiple meanings, so does IWaC.
She: Hey, what's up?
He: IWaC
She: :*
He: thx )
by WinDyX December 07, 2010