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Walking Around Money. Originally and still today political jargon for the cash given to party operatives on or near election day to be spent (1) transporting or luring voters to the polls, or (2) doing small favors for voters, such as buying them drinks, to make them feel obligated. This usage has been extended to include anyone's pocket money, to be used for virtually any purpose.

Also, money given to Pennsylvania General Assembly members for projects in their districts, doled out by legislative leaders to good soldiers as they campaigned for reelection. WAMs were Pennsylvania sleaze at its greasiest: secretive, stinking of cronyism, far removed from the very people whose cash was being spent.
Here, Seamus, take this bundle o' WAM over to O'Malley's Pub and see who's hangin' about. This election's going to be a close one.
WAM by The Mekon December 10, 2008
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My Grandmother Gave me some WAM and dropped me off at the Arcade so I can play Mortal Combat and Street Fighter.
Wam by Kylemotron April 13, 2008
Related Words
wams WAMP Wamen wambo waman wamables wambulance wampus Wampus-cat wamu
"Wait a Minute" Variation of "brb" "bbl" "afk" or similar phrase.
wam by PhancyStar April 26, 2009
A happy wife is a wife with a little bit of WAM in her pocket.
WAM by splatnikGanglion July 5, 2005
Example 1:
A: "My girl left me and now my life is meaningless."
B: "Man, stop being a WAM!! You'll live."

Example 2:

A: "You need some protien in your life. You're too thin"
B: "I know, I'm such a WAM.
WAM by The_one August 19, 2013
"How much dedicated Wam do you need per minecraft server?"
"Uh, What? *does he mean ram?*"
its an acronym to Wank Acces Memory. It is an action, thought or image that is saved to your minds RAM, and then is used for masturbation later.
That party was kick'n, i didnt get any action but i got enough WAM for weeks.
WAM by Los Reyes October 11, 2005