It can be used to describe the movement of:
* Water: Like the waves of the sea or a river.
* Flags: A flag waving in the wind.
* Trees: Branches swaying in the breeze.
* Hair: Long hair swaying in the wind.
* People: Someone's arms or hands waving in the air.
It's important to note that the exact meaning can depend on the context in which the word is used.