to cause a disturbance, or to create a situation where chaos or controversy will surface
"let's try to keep this matter out of the public eye....now's not the time to make waves if we want this brisk business we've been having to continue!"
by Bungalow Bill April 21, 2007
1 more definition
to cause a disturbance, to cause trouble
Don't make waves if you want to get through the difficulties.
by The Return of Light Joker December 16, 2008