meaning of bout to wax?

bout to wax? meaning in Urban Dictionary

men code word for "Are you gunna have sexual intercourse her tonite?". Meant to be expected to some guy buddy who's at that time dancing, griding, or perhaps hangin down with a girl, when you dont feel blatantly destroying it for your buddy by walking up and asking inside front side of them "are you currently gunna have sex this lady tonite?"