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1.
noun:To beat someone at something.
"Come over to my house so you can get yo' waxin in Madden"

"Meet me at the pool hall so you can get yo waxin"
by G-Tight February 05, 2004
 
2.
Verb. To mark up, (adjust the price) on drugs; usually refers to marijuana.
Billy: I got this oz. for $200 but charged upwards of $400 - 500

Barbie: Damn, you were waxin' them fools!
by Sweet Baby Breesus May 09, 2013
 
3.
the act of smoking weed and popping Xanax pills
Dude what happened last night? I was waxin' my balls off!!
by Nigel25 May 04, 2011