The difference between Wagger-pagger-bagger and Wastepaper basket
When used as nouns, wagger-pagger-bagger means a wastepaper basket, whereas wastepaper basket means a small open container for discarded paper etc.
check bellow for the other definitions of Wagger-pagger-bagger and Wastepaper basket
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Wagger-pagger-bagger as a noun (UK, slang, dated, public schools):
A wastepaper basket.
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Wastepaper basket as a noun:
A small open container for discarded paper etc; a wastebasket.