dip wafer Share definition Flag 1-an idiot who thinks they are all high and mighty 2-a preppy cheerleader 1-You're such a dip wafer. 2-You're such a slutty dip wafer. dip wafer by Crescent Moon July 19, 2004 0 0 Get merch Get the dip wafer mug. Buy Now — $32.95 See more merch