Wave \Wave\, v. i. [imp. & p. p. Waved (w[=a]vd); p. pr. & vb. n. Waving.]

[OE. waven, AS. wafian to waver, to hesitate, to wonder; akin to w[ae]fre wavering, restless, MHG. wabern to be in motion, Icel. vafra to hover about; cf. Icel. v[=a]fa to vibrate. Cf. Waft, Waver.]

1. To play loosely; to move like a wave, one way and the other; to float; to flutter; to undulate.

His purple robes waved careless to the winds. --Trumbull.

Where the flags of three nations has successively waved. --Hawthorne.

2. To be moved to and fro as a signal. --B. Jonson.

3. To fluctuate; to waver; to be in an unsettled state; to vacillate. [Obs.]

He waved indifferently 'twixt doing them neither good nor harm. --Shak.

Source: Webster's Revised Unabridged Dictionary (1913)