This may be completely untrue, but it seems like it's easier to make pancakes taste decent, so the average pancake tastes better than the average waffle, but an amazing waffle blows an amazing pancake out of the water. But in the end, I love both so it's really a moot point.
Waffles? Pancakes? If we're on the topic of best breakfast foods... Just slap the word breakfast before Mexican foods and we're good! Breakfast Burrito Breakfast Taco Breakfast... Fajita? Of course... if I had to choose between waffles and pancakes... I'd go with traditional pancakes.
Eh. Tough call. On the one hand, I really don't get cravings for waffles the way I do for pancakes. On the other hand, for me a really good waffle beats a really good pancake any day. I'd probably say waffles.
In other words, you're a ***. Waffles. Pancakes are flat and flabby. In contrast, waffles have a form and structure which collects syrup easier, making the texture more homogeneous throughout, and gives more resistance when chewing making it more like manly meat.