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This term is used to describe the process of waiting for something you wish to obtain/achieve (usually drugs).
Have you heard back from Bob on the weed hookup?
No, I'm still playing the waiting game!
by MustangGT September 26, 2005
When two people are interested in one another, but unsure how to proceed with establishing a relationship.
"Hey, have you hooked up with Alex yet?"
"No, it's still a waiting game."
by AndyC36 February 06, 2010