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1.
Wafflemayo is used to replace ROFLMAO Sometimes people say wafflemao but it is actually supposed to be waffle mayo.
"That was so funny."

"YEAH IT WAS WAFFLEMAYO XDDD
by Mwahahaha42 December 31, 2010
 
2.
A way of saying ROFLMAO so that you don't sound like a facebook junkie.
Chris: Everyone laughed when I got a boner in P.E. today

Jack: Waffle Mayo!!!
by Waffle Mayo! October 23, 2010
 
3.
Origin: roflmao, meaning "Rolling on Floor Laughing My Ass Off"

rofl -> waffle
mao -> mayo

Used to portray a laughter as wholesome as waffles with the added goodness of mayo (see spooge).

Also see: lol, lmao, rofl, roffles, roofles, roflcopter etc.
A: OMG IM ON TEH INTARWEB LOLOLO!
B: ?!@#$%^&*()
C: wafflemayos!
D: what's an intarweb?
by van August 10, 2004