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1.
Derived from Key and Peele. Essentially replaces "going hard" or "getting turnt up".
Examples:
Joe: "Hey man, are we still on for tonight?"
Rick: "Hell yeah, bro! We gunna put the pussy on the chain wax."

Steve: "Golly, Craig! Last night was epic!"
Craig: "No man, you were epic! You put the pussy on the chain wax!"
de HelpingTheWhiteBlacks 18 décembre 2013
 
2.
Originally cited in the eponymous Key and Peele sketch, it means "to handle with efficiency and skill more than equal to a given challenge creating a much improved situation esp. while causing discomfort and humiliation to individuals obstructing such improvements".

The likely etymology being that waxing a pussy (singular) would merely require wax (and patience). If one were to create a device capable of waxing pussies (multiple) in chained succession, then surely to use such a device on a single pussy would create several effects: 1. the pussy in question would be quickly, effectively and likely painfully waxed (thus improving the situation vis-a-vis 70s bush) 2. Those who might have obstructed such an endeavor would be soundly defeated and publicly humiliated
A:"You take care of that shit?"
B:"Yo, I put that pussy on the chainwax, son!

C:"Motherf@ckers keep trippin' up in this bitch, and I'ma have to put that pussy on the chainwax!"
de The Iron Pimp 20 décembre 2013
 
3.
No one really knows.
Pussy on the Chainwax, coming to a conversation near you
de transmaniacon 23 décembre 2013
 
4.
A nonsensical exclamation popularized by Key and Peele. Its true meaning is unknown even to its creators. Typically shouted/chanted loudly while hanging with bros. Originally the purpose of pussy on the chainwax was to start a "thing". As you can see, they have succeeded.
Key: Yo, imma put that pussy on the chainwax!

Peele: Are you trying to start a "thing"?
de Nobody77 2 janvier 2014
 
5.
Winning a fight or competition that is one on one with a weak opponent, who one has been severely beaten by them as if the person who won barley attempted at all. Praising the winner or oneself for their ability to beat an opponent while barley even attempting.
- He threw in a couple good punches but I was like bip!

- Man, you put the Pussy on the Chainwax
de RussianSlovak 19 décembre 2013
 
6.
You have your girl whipped. If she wants sex, she has to go through you and possibly do a favor. She does anything you say and you happen to win every argument. Basically, if you can pull it off, you are God. If you abuse this power, you are an asshole douchebag cunt and deserve to die slowly and painfully to the point where no one can identify you.
Guy1: You'll never believe what I just did.
Guy2: What?
Guy1: I PUT THE PUSSY ON THE CHAIN WAX!!!!!
Guy2: OOOOOOOOOH!!!!!
Guy1: Now if she wants to go out, she has to ask me first.
Guy2: You're a dick.
de Yamichi 6 février 2014
 
7.
A popular phrase used to describe how someone defeated and/or humiliated someone in a verbal or physical conflict. Similar to "kicked his/her ass".
1. "Some ass hole was lookin' for a fight, so I straight up put that pussy on the chainwax!"

2. "Some dude wanted to 1v1 me. I put that pussy on the chainwax."
de Infininini 21 décembre 2013