The correct spelling of the phrase "wast elated" is "waste elated", with the "e" in "waste" pronounced as a schwa sound /ə/. The word "waste" refers to something that is unused or discarded, while "elated" means extremely happy or joyful. Therefore, "waste elated" may refer to being happy about something that is considered useless or unnecessary. It is important to spell words correctly in order to ensure clear communication and avoid confusion.
The word "wastelated" does not have a clear etymology because it is not a commonly used or recognized word. "Wastelated" seems to be a combination of two words: "waste" and "elated". "Waste" means to ruin or destroy, while "elated" refers to being extremely happy or joyful. It is possible that the term "wastelated" has emerged through the blending of these two concepts to describe being ecstatic despite a sense of waste or destruction. However, it is important to note that this word does not have a widely accepted or recognized meaning in standard English.