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IWaC is most commonly used for I Want a Cookie. It can be used as in I want some sweet, but since cookie has multiple meanings, so does IWaC.
She: Hey, what's up?
He: IWaC
She: :*
He: thx )
IWaC by WinDyX December 8, 2010
Related Words

iwac syndrome 

A feeling that every man experiences at some point when faced with a stripper causing them to KNOW that the girl is actually in love with him. Full name: In With A Chance Syndrome
Dude, when she took off her bra we had a moment, I thought it was love, turns out it was just IWAC syndrome.
iwac syndrome by jetpakjon1 February 19, 2011
Being struck by your iPhone while using it in bed. Typically while falling asleep.
Johan got iwacked last night while watching YouTube too late. It was pretty funny.
iwack by Shakesmear July 17, 2022