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Acronym. Usually stands for "What Am I Gonna Say?"
Used when someone is beaten in an argument and has no other comeback or used when you have nothing to say. Usually followed by "Get Fucked". In most cases laughter ensues.

The correct way to pull of WAIGS is to put on a "gangsta" voice while saying it and making hand gestures when appropriate.

Once your friends are aware of what's coming they may try to back chat your argument but no matter what you must stand your ground as you are ultimately in the right.
In this example WAIGS has been extended into "What Am I Gonna Say?"

Raydon: "...and that is why you're gay!"
Ben: "What am I gonna say?"
Raydon: "Huh?"
Ben: "Get fucked"
Everyone: "lolololol"

Raydon: "Shame shitnitch!
Ben: "What am I gonna say bitch?"
WAIGS by Nahgallac August 19, 2009
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waist management 

euphemism for dieting / wordplay on 'waste management'
If you plan on getting into that old tux of yours, you'd first better get into some waist management.
Related Words

Gage Waight 

really enjoys en"gage"ing in sexual acts with men
male: hey gage waight! let's hook up!
Gage Waight by boomer brown May 18, 2021
The combination of Tyler the Creator and A$AP Rocky, derived from Golf Wang and A$AP Mob
They ain't ready for Tyler with the Green Hat, they ain't ready for the Wangsap niggas!
Wangsap by buttchugs January 12, 2018

WaistBook 

Being nice to ugly chicks on FaceBook...ie...sending "hugs". Just flirting online cause I'm not good at it in person.
I just "Waistbooked" Lori, and she wants me now cause I'm soooo hot.
WaistBook by Bob Gruszka April 6, 2009
A wasteman who is also a paigon ,
Doesn’t do much with their life, furthermore tries to bring others down with them.

i- ‘These waigon don’t want me to eat’ ~see SL tropical for more context
Ioan : honestly Lewis is such a waigon all he does is waste his money and get rejected by females.
Eilir : I know he’s a verbalist .

waist scarf 

When a stripper uses a scarf or similar garment to conceal the after effects of giving birth in an effort to garner larger financial gains.
Here, hun, before you go on stage you gonna want a waist scarf if you don't want scare the guys away with that botched caesarian.
waist scarf by aretegroup August 30, 2014