Commonly refers to What are you wearing? It is often used as a means of getting into ones head furtherly into ones pants. Often unsuccessful, but still funny as shit.
Guy 1: "Dude, WAYW?"
Guy 2: "Zebra thong with pink stripes man!"
Guy 1: "High Five!"
Guy 2: "Lets make out."
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hornydude69: wayw?
IMslut: nuthin but my thong wayw
hornydude69: nuthin but my hand
useful for those who type with one hand
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