1. The mixture of blue Gatorade and alcohol. (usually liquor)
2. A common way for students to sneak alcohol into school.
Kid 1: "Can I waterfall that Gatorade?"
Kid 2: "No, this is Blue Ocean Wave."
Kid 1: "I didn't know you drank at school."
The splash back you receive when taking a dump in a freshly cleaned Porta-potty. Often experienced by construction workers.
"Man, I just got hit by the blue wave"