Waffle drop 

It's the custy nasty crust the come off of a blue waffle. (search google images for best result of blue waffle)

Courtney Jones just licked a waffle drop off the sidewalk

Waffle drop by wilkie99 May 12, 2015

Drop A Waffle 

To excrete waste, particularly after eating chicken & waffles.

Damn, girl - I won't be able to turn-you-out until I drop a waffle.

Drop A Waffle by zornfett June 4, 2010

droppin waffles 

To be livin' large, and excessively so. Often times used in collaboration with "make it rain," "spendin dollas," and "stunna shades." Mostly colloquial use, but gaining steam in the Northeast, almost becoming a common term.

Kid 1: Daaaamn look at that kid lookin' fly in them jorts with the stunna shades on and radio bumpin.
Kid 2: Gadzooks! I ain't neva seen somebody droppin waffles like him.

droppin waffles by rts944444 May 4, 2009