ACW
Antarctic circumpolar wave
"The Antarctic Circumpolar Wave is a coupled ocean/atmosphere wave that circles the Southern Ocean in approximately eight years. Since it is a wave-2 phenomenon (there are two ridges and two troughs in a latitude circle) at each fixed point in space a signal with a period of four years is seen. The wave moves eastward with the prevailing currents." Source:
Not all Climatologists agree that the wave exists.
Definition based on (revised from) IPCC AR4.
All IPCC definitions taken from Climate Change 2007: The Physical Science Basis. Working Group I Contribution to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change, Annex I, Glossary, pp. 941-954. Cambridge University Press.