WAIB Share definition Flag When something so stupid and retarded happens, only in Bundaberg, Queensland, Australia. WAIB: We Are In Bundaberg. Guy 1: Dood, that guy set himself on fire and went on a hugging rampage! Guy 2: WAIB WAIB by Gani October 23, 2008 0 0 Get merch Get the WAIB mug. Buy Now β $32.95 See more merch