(N) a group of penises (generally considered to be 3 or more). Analogous to a flock of sheep or a murder of crows.
1. John was shocked as he opened the Playgirl and was confronted by not one or two, but an entire waggle of penises in the centerfold.
2. "Hey Hooch, check out that waggle of penises over on the nude beach!"
3. The graffiti in on the bathroom stall door was thoroughly graphic, containing seven crudely drawn boobs and an entire waggle of peni.