1. When something is really awkward or undesired.
2. A person who does awkward or undesired things
Guy 1: Hey dude you took my seat, I'm going to fuck your dick
Guy 2: That's wavy
Guy 1: Dude you eat your popsicle like a faggot
Guy 2: Why are you watching me eat a popsicle in the first place? You're a wavy dude