An approach that fails and gives way to another attempt(noun)
WordNet. Princeton University. 2010.
Use "wave-off" in a sentence
"“If the LSO deems you cannot complete a successful landing or a safe landing,” Armstrong relates, “he will wave his paddles at you—a so-called wave-off—and you’re immediately commanded to add full power and ‘go around’ and try again.”"
"And that photo of cherry pie is looks positively delicious, even if it is giving me the wave-off with that ‘no’ sign."
"Otherwise, the LSO gave a wave-off, ordering the pilot to go around and try again."