Waisted talent is a term used to describe a person's potential that has gone to waste due to lack of opportunity or resources. The term can be used to describe someone who has not been able to reach their full potential due to external factors. In this case, the crossword solution for the term waisted talent is 'HULA, ' which is a traditional Polynesian dance form. HULA is an ancient art form that has been passed down through generations and is still practiced today.