When two jeep wranglers pass each other on opposite sides of the road, one of the drivers initiates the wave and the other waves back symbolism some sort of bondage between jeep owners.
Here comes a jeep get ready to do the jeep wave.
There is no definition for this word, because it is only a mispronounciation of the word Ogle, pronounced "ahh gul" or "Oh-gul" but not "Ooh-gul," which of course means to stare at impertinently, flirtatiously, or amorously.
I was ogling at that chick, not oogling.