Also known as the University of Waterloo (UW or UofW or UoW) situated in Waterloo, Ontario, Canada, is not only well known for its arts and science but its large body of Asian students in comparison to other Universities in Ontario. Thus, renamed to "WalterChoo"
Kimchee Tran: Doosh doosh! I'm not an Asian Fail!! I can now apply to Waterloo with confidence!
Jonny Smith: HAH good for you man...but I think you mean UNIVERSITY OF WALTERCHOO...because of its high concentration of asian students...that place is basically runned by asians. I'll be at Laurier.
When you and your friend are in a heavy conversation at a restaurant and the waiter/waitress rudely interrupts to ask, "How is everything?"
A combination of the words "waiter" and "interruption".
Jane: "EH MAH GAWD then Annie comes to school wearing these ripped jeans she obviously cut!"
Hannah: "OH-EM-GEE! Like the time Jill--"
Waitress: "How is everything?"
Jane: "WAITERUPTION MUCH?"
A useless argument that nobody understands when you are drunk or under the influence of alcohol. Typically between someone named Walt and a handicap man in a wheel chair.
I was playing bingo when a waltercation happened because of a calling of a ball didn't happen. After further waltercation the bingo player had to wheel himself out the door