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Wait, shit 

Something someone would say after realizing what they just said or did was idiotic or bad.
"Dude, my dick is so big that if I laid it out on a keyboard, it would go from A to Z.

Wait, shit."
Wait, shit by Unconcious July 28, 2009

Contact wait out 

"Contact, wait out" is a term military personel use over the radio to report enemy sightings/attacks. "Contact" means that the enemy has been identified or that you have already been attacked. "wait" means that you have no time to explain the situation right now. "out" means that you are about to end transmission and will call back later.
*Huge explosion*
Lieutenant: Holy shit, call it in!
Radio operator: This is Mike November 4, contact wait out!
Contact wait out by puje October 19, 2009

ice on my wrist 

when your wearing an expensive watch or jewelry on your wist

Oh, wait 

A phrase used to sarcastically indicate that something which is presumed or hoped for is, in fact, not true.

Typically used in discussions to either insult someone, or to refute an assertion by emphasizing why that assertion is inaccurate.
(As an insult)

*Bill finishes 34th in a marathon*

Dick - Hey Bill, nice job winning first place. Oh, wait.

(As a rebuttal)

Bill - The United States is in a strong state of financial security.

Dick - Yes. Good thing our national debt isn't somewhere around $14 trillion. Oh, wait.
Oh, wait by magzillas July 8, 2011

Now wait just a diddly darn minute 

Euphemism for "wait a minute" or "hold the phone." Typically used when one is experiencing an epiphany or life-altering escapade.
"Now wait just a diddly darn minute," said Vanessa after hearing the news about Harambe's murder.
something you say after you just made fun of someone for something they did or didnt do.
hey greg, good job on winning the contest earlier today...oh wait
oh wait by sveedin May 14, 2010