When you're doing a wheelie on a bicycle or motorbike and the back wheel slips out from underneath you. Also less commonly known as a loop out
The back brake is the integral part of the long-wheelie, so make sure your brakes are powerful enough to bring you to a skidding stop when used at high speeds. Anything less and you’re liable to “loop it,” which means falling backwards and having the back wheel shoot out then your back slaps onto the pavement or road. While doing the wheelieyou should have 1-2 fingers on the brake lever.
Falaron: "Hopefully I can get the mug overfilled by voting yes on the definition of 'Help me severely overdo the text box for the mug ad below this definition so it looks funny' and then buy it."
Exalothorn: "I doubt it, but hey, it's worth a shot!"
Popularized by currently incarcerated rapper Charley "Max B" Wingate on Kanye West's album 'The Life Of Pablo'. Max B addresses Kanye's initially intended usage of the name "Waves" for his album which was a popular term coined by Max B. Rapper WIz Khalifa initially reference Kanye as someone who should acknowledge Max B as the creator of this movement. Twitter drama ensued, and Kanye then had Max B personally cosign his usage of acting in a "Wavy manner" via the ' Silver Surfer Intermission' on Kanye's album.