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If something's terrible or bad or boring or just generally negative, it's 'waning'. Derived from the cycles of the moon. Opposite of waxing
I hate having to eat brussel sprouts at xmas, they're waning!
waning by SpazOnTheHorizon January 8, 2012

Waning Mullet 

a man’s hairstyle that is bald on the top but with long stringy hair hanging over the collar in the back (elderhostel up front, party in the back)

This is a modification of the 80’s mullet. It is worn by the diehard that refuses to give up the long hair that he sported back in high school.
Bob: Did you see Jim Rickards on Fox Business talking about the demise of the US Dollar?
Dave: Is that the guy with the waning mullet?
Bob: Yeah, that’s him.
Waning Mullet by goose_on_a_roof December 31, 2020

waning wood 

When your pecker wood starts devolving back to it's original form
When the strip club turned the lights on, and I saw that bitches C-section scar and her cracked out meth face it gave me a waning wood :(

Waning Gibbous 

A post-nut boner which is in the descending phase resulting in a chub, but not yet fully flaccid.
Man, I nutted over a half hour ago and still have this waning gibbous.
How long ago did you nut dude? I can see your waning gibbous through your pants.
Nothing like walking around the apartment with a waning gibbous swinging around like a wrecking ball.
Waning Gibbous by SnarfSquad March 18, 2022

waning poetic 

The opposite of waxing poetic. A sentence that starts off beautifully poetic but goes to rubbish; a poem that by the end is just, sort of, words.
Man, that speech started off so well 'til the speaker started waning poetic

Wiseguy Warning 

It's when a mafioso, OG or gangsta puts a phonebook on someone's chest and fires a medium velocity handgun right against it. Thick phonebooks are known to stop .22, .45, and .38 bullets. It's common practice among goodfellas.
That guy got a Wiseguy Warning, he payed his dues not too long after. Rocco was ordered to give the guy a Wiseguy Warning.
Wiseguy Warning by Ascot1111 January 19, 2023