Ride wave on mat
I believe the answer is:
roller coaster
'ride' is the definition.
(roller coaster is a kind of ride)
'wave on mat' is the wordplay.
'wave on' becomes 'roller' (roller is a kind of wave. I am not sure about the 'on' bit.**).
'mat' becomes 'coaster' (I've seen this before).
'roller'+'coaster'='ROLLER-COASTER'
Can you help me to learn more?
(Other definitions for roller coaster that I've seen before include ""Amusement" ride" , "Switchback" , "scenic railway" , "Exciting ride" , "Fairground ride" .)