1) The act of fucking a waffle.
2) When one fucks a breakfast item.
3) Using your own jizz as syrup on your waffles.

When you eat dirt for the first time and leave your family to build a shack in the woods

1. Having sexual intercourse with twenty plus women, all of whom are lying in a checkerboard pattern.
example: He's into kinky shit, like waffle fucking.
2. An alternate term for "what the fuck?".
example: Waffle fuck is going on?