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The Wave is an obstacle in Build A Boat For Treasure. Upon a boat coming into contact with it, the wave will move the boat whilst damaging the craft. The wave is capable of launching the craft/boat as high as the stage itself or even a bit higher. When a wave hits a vehicle with Wheels, it will not be launched.
The interval between waves is around 10-12 seconds
There is a glitch where the wave will phase the boat into the Water.