The act of shitting on ones laptop keyboard, then forcefully closing the laptop screen. This causes the shit to spread on keyboard in a waffle pattern.
Mack, "quint, whats that smell?"
Quint "Lil redpissed me off, so I Colorado Waffle ironed him"
The sexual act of pooping on your partner’s chest, then proceeding to slap it with a tennis racket, thus creating the shape of a waffle of poop on them.
“Mark and I haven’t been that adventurous lately in the bedroom, until he pulled out the tennessee waffle-iron and rocked my worldsideways!”