To sexually dominate a female in the briefiest amount of time between meeting and the act of sex.
To make it qualify as "Waffled" she must be a female who hasn't done any of the below acts with a guy whom she was romantically involved with, especially if they were together for a long time.
Dominating features are - facial ejaculation, anal penetration, tea bagging, abusive verbal profanity, having her repeat self humiliating statements such as, "I'm your slut! I'm your dirty little SLUT!" etc.
"What happened with that girl last night?"
"Son, I took it back to the crib and Waffled it!"
"Yea, had her doing all types of nasty shit!"
"LOL! What! - I can't beleive you hit!"
"Hey, I brought it out of her. What can I say?"
In other instances the term "IHopped" can be used in its place - as a pun in reference to the fact that IHop makes Waffles.