waterfagile 

The excruciatingly long, drawn-out waterfall-like project management project a large company goes through to implement "agile", involving executive planning retreats, consultants, PowerPoints, and a series of deadlines.

Example of a waterfagile project:

At their last retreat, the executive committee developed a plan to implement agile by the 4th quarter of next year. To facilitate the transition, they have engaged the services of a consultancy well-versed in agile. More information will be released to employees later this Summer.

waterfagile by A4A132F2-CD27-48C2-B8C9-55DEF2 August 1, 2012

Waterfail

The act of sexually assaulting a girl in her sleep.

Person 1 - Hey, I got with this girl in a tent the other night, we did some stuff.
Person 2 - Really?
Person 1 - Yeah.
Person 2 - I heard she was half asleep, and you were essentially sexually assaulting her.
Person 1 - She is lying.
Person 2 - Your such a waterfail, you know that don't you.

Waterfail by Deadwood Punch January 18, 2010

waterfalled 

during the act of sex when a girl cums in large amounts all over you like a waterfall

ex: Jake: Hey dude, did you have fun with Jaime last night.
Nate: Hell yeah dude! She waterfalled
Jake: Sweet man! I wish my girl would have waterfalled.

waterfalled by foxdirtbikeracer4lyfe March 14, 2011

Waterfail

Unable to take a joke, gets angry over the joke and has no come back, in extreme cases gets facebook groups removed which have no link to the person what so ever.

Person A: Stop calling me Ginger

Person B makes a face book group

Person A: Yeh, That's really not funny

Person B: It is

Person A has the facebook group removed

Person B: I see the group was removed

Person A: Oh, erm, really?

Persom B: Waterfail

Waterfail by llafretaw ilo January 19, 2010