"willing to make a fool of oneself, and fond of doing so to others," 1580s, from wag (n.) + -ish. Related: Waggishly; waggishness.
Entries linking to waggish
wag v.
early 13c. (intransitive), "waver, vacillate, lack steadfastness," probably from a Scandinavian source (compare Old Norse vagga "a cradle," Danish vugge "rock a cradle," Old Swedish wagga "fluctuate, rock" a cradle), and in part from Old English wagian "move backwards and forwards;" all from Proto-Germanic *wag- (source also of Old High German weggen, Gothic wagjan "to wag"), probably from PIE root *wegh- "to go, move, transport in a vehicle."
Transitive meaning "move (something) back and forth or up and down" is from c. 1300; of dogs and their tails from mid-15c.: "and whanne they [hounds] see the hure maystre they wol make him cheere and wagge hur tayles upon him." [Edward, Duke of York, "The Master of Game," 1456]. Related: Wagged; wagging. Wag-at-the-wall (1825) was an old name for a hanging clock with pendulum and weights exposed.
-ish
adjectival word-forming element, Old English -isc "of the nativity or country of," in later use "of the nature or character of," from Proto-Germanic suffix *-iska- (cognates: Old Saxon -isk, Old Frisian -sk, Old Norse -iskr, Swedish and Danish -sk, Dutch -sch, Old High German -isc, German -isch, Gothic -isks), cognate with Greek diminutive suffix -iskos. In its oldest forms with altered stem vowel (French, Welsh). The Germanic suffix was borrowed into Italian and Spanish (-esco) and French (-esque). Colloquially attached to hours to denote approximation, 1916.
The -ish in verbs (abolish, establish, finish, punish, etc.) is a mere terminal relic from the Old French present participle.
*wegh-
Proto-Indo-European root meaning "to go, move, transport in a vehicle."
The root wegh-, "to convey, especially by wheeled vehicle," is found in virtually every branch of Indo-European, including now Anatolian. The root, as well as other widely represented roots such as aks- and nobh-, attests to the presence of the wheel — and vehicles using it — at the time Proto-Indo-European was spoken. [Watkins, p. 96]
It is the hypothetical source of/evidence for its existence is provided by: Sanskrit vahati "carries, conveys," vahitram, vahanam "vessel, ship;" Avestan vazaiti "he leads, draws;" Greek okhos "carriage, chariot;" Latin vehere "to carry, convey," vehiculum "carriage, chariot;" Old Church Slavonic vesti "to carry, convey," vozŭ "carriage, chariot;" Russian povozka "small sled;" Lithuanian vežu, vežti "to carry, convey," važis "a small sled;" Old Irish fecht "campaign, journey," fen "carriage, cart;" Welsh gwain "carriage, cart;" Old English wegan "to carry;" Old Norse vegr, Old High German weg "way;" Middle Dutch wagen "wagon."