Derived from Key and Peele. Essentially replaces "going hard" or "getting turnt up".
Examples:

lil mad is like big mad but the opposite, you mad but not mad to the extent of pullin somthin

Originally cited in the eponymous Key and Peele sketch, it means "to handle with efficiency and skill more than equal to a given challenge creating a much improved situation esp. while causing discomfort and humiliation to individuals obstructing such improvements".

The likely etymology being that waxing a pussy (singular) would merely require wax (and patience). If one were to create a device capable of waxing pussies (multiple) in chained succession, then surely to use such a device on a single pussy would create several effects: 1. the pussy in question would be quickly, effectively and likely painfully waxed (thus improving the situation vis-a-vis 70s bush) 2. Those who might have obstructed such an endeavor would be soundly defeated and publicly humiliated

No one really knows.

A nonsensical exclamation popularized by Key and Peele. Its true meaning is unknown even to its creators. Typically shouted/chanted loudly while hanging with bros. Originally the purpose of pussy on the chainwax was to start a "thing". As you can see, they have succeeded.

From a Key & Peele skit talking about how people nowadays just make up words to start trends, Key's character compared something to putting the pussy on the chainwax, his boys waz all like wwwwooooooaoaoaoaoaaahahahhaooohahhahhh. Peele's character then questioned him to its meaning where Key's character burst into tears because he is not good at setting trends.

Doing something so impressive that you awe all females in the vicinity so much that they all go get their pussy waxed in order to be presentable for you.