Yes, wae is in the scrabble dictionary

...and is worth 6 points by itself.

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Wae Definition

noun

A wave.
from the GNU version of the Collaborative International Dictionary of English

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Top Words by points

Points

awe

6

2 letter words with WAE

Points

ae

2

aw

5

ew

5

we

5

3 letter words with WAE

Points

awe

6

wae

6

Found 6 words in 0.10672 seconds