Cockwaffle a term used to describe a mans penis which has been inserted into a waffle iron. Thus making his cock a waffle.
Usually this happens when either a man acidentally falls onto the table he was making his breakfast waffles while naked and waffles his own penis. Or in other instances it happens when the male is a huge douchebag and a female realizes this and decides when he says he wants waffles bitch she takes it opon herself to cockwaffle him.
by Biii7CH June 04, 2010