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(adj.) having the demeanor of a stereotypical (American) White, Anglo-Saxon, Protestant (abbrev WASP).

The stereotype of WASPs is that they have high social status and a disproportionate amount of political power.

Example:

A white guy of English and Protestant background who was raised in a $15-million mansion in a place like Darien, Connecticut, or Atherton, California, and whose father was a senator and grandfather a governor; whose family has lived in the States for 30 generations; and whose entire family attended Ivy-League or Ivy-League-caliber universities. This guy is a quintessential WASP.

Someone who is WASPy is someone who comes across as this sort of person.

Caution:
One need not be a WASP in order to be WASPy. A WASP refers to any American who is white and of English and Protestant heritage, so even a poor, degenerate meth head in Appalachia could be a WASP. Rather, someone who is WASPy is simply someone who seems to fit the WASP stereotype.

For example:
Many Americans would consider the Kennedys WASPy even though their religious background alone precludes them from the designation of WASPs, as the Kennedys are Catholic.
-Dude, the best part of trivia night last Thursday was when that really WASPy guy named all the Ivy League schools in like two seconds.
-I know. I feel like such a lowlife. I'd never even heard of Dartmouth before, and I thought the University of Pennsylvania was a public school.
WASPy by LeRichard May 25, 2018
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White Anglo-Saxon Prostestant
A&F hires WASPy kids
WASPy by homefries May 31, 2006
powerful, rich, white, and preppy
Dubya is so fucking waspy.
waspy by 4ts October 19, 2004
An abbrevation for White Anglo-Saxon Prostestant. Basically it refers to a place that has no coulored people.
Man, that school is so waspy. They only have like 2 black kids and an Asian.
waspy by WaspyTownKid101 April 4, 2010
rich, stuck up white girl, posh family
damn, that bitch is so damn waspy, it'd be an honour to smash her
waspy by byHiggs June 15, 2013

Waspy Ways 

Waspy Ways;

Defines a slutty chicks behavior;
Is how a tramp or ratchet conducts themselves; its their behaviors the way they sneak around and do dirtbag shit behind your back ; when a hoe is acting shady , plotting not right right bullshit. Going from one dude to the next not even a shower in between...
Susie be up to her waspy ways again , shes already been with 4 dudes this week and plotting on one of them for his cash and driving other dudes car with homeboy riding shotgun in on it with her.

Chick is living the waspy way for sure

waspy bee 

a waspy bee or a waspeebee
a confusing situation, challenging you to define relations, give names to establish order
"only god knows how i got meself into this waspy bee"
waspy bee by Krkič December 10, 2019