Source : Webster's Revised Unabridged Dictionary (1913)

Wavy \Wav"y\, a.
   1. Rising or swelling in waves; full of waves. ``The wavy
      seas.'' --Chapman.

   2. Playing to and fro; undulating; as, wavy flames.

            Let her glad valleys smile with wavy corn. --Prior.

   3. (Bot.) Undulating on the border or surface; waved.

Source : WordNet®

wavy
     adj 1: in waves
     2: having wrinkles or waves [syn: {crinkled}, {crinkly}, {rippled},
         {wavelike}]
     [also: {waviest}, {wavier}]