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An unshaven vagina that has been infected by a rash. Similar to a blue waffle, but the difference lies with whether or not the vagina has been shaved. Can also be called "The Sarah Palin Waffle."
Ted: Holy crap Margaret, you have Alaskan Waffle!

Margaret: Oh my God, Ted! I knew something was up when I started itching my "down under" uncontrollably last week! I'd better see a specialist about my Alaskan Waffle!
by Comrade_Jon December 28, 2010
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