A term used in the gangster community, meaning sexual intercourse
I'm totally going to wax ass this weekend.
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when you have ass wax all the damn time and it takes you at least 5 minutes to get it all off. Usually results in an assbleed.
Hobo 2: Hobo 1 get out of the bathroom. All the food is almost gone
Hobo 1: I have PERIODIC ASS WAX SYNDROME. Remember?
Hobo 2: Oh yeah nvm.