Wafflejerk 

When a bunch of guys stand around in a circle and jerk off onto a waffle in the middle of them. Last person to cum eats the waffle.

Dude 1: Let's have a wafflejerk!
Dude 2: Nah, I anna keep my lunch in my stomach.

Wafflejerk by The Real Player 1 January 29, 2010

Waffleberry 

Waffleberry is a pudding that is made from white chocolate, raspberries and Waffles. It tends to have a mixed audience, and has become a popular worldwide family recipe.

Daniel: Can we Put the Waffleberry on yet?
Everyone else: No.

Waffleberry by Dpowell November 17, 2011