To whoop someones ass at anything. Or being better at something than someone else.
You race someone and win. Then you WAX FUX
You beat someone at beer pong. You WAX FUX
"wax museum" can be used as a metaphor for the past, memories, or nostalgic events
I just can't get over my past marriage, feels like I'm living in a wax museum.
Shrek Wax: When you cum in a girls ear and let it dry over night.
"During breakfast my roomate said she couldn't hear in one ear. So I asked her if her man gave her a Shrek wax."
When your wife tries to describe the phases of the moon and you make something up
That's a waning gibis moon, no that's a waxing loafer