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The Waze Client is an all-in-one GPS Navigation suite for many mobile devices.
While passively running (no navigation active), it will alert you to items along the road you are driving that other Wazers have reported. This allows you to adjust your drive based on upcoming road conditions. Also, while running passively, it will anonymously record your GPS coordinates for use in improving road speed accuracy. This does not require any intervention from the user. You can also review your drive on your Waze Dashboard to see where you go, and track your mileage, and adjust your drive accordingly. Note that all of these functions can be turned off in the Options Menu.
Waze also has a number of active functions. The biggest part of Waze is that it allows users to Report traffic conditions, such as Police making speed traps, accidents blocking lanes, and traffic slowdowns. This allows other Wazers to adjust their drive based on your reports, and you get thumbs up from the Wazers driving on the same road.
The second Waze active function is that it allows you to "Munch" roads as you drive on that Waze does not know about, or Waze does not have enough information. If a road is missing, you can Report on the live map and Editors on Waze.com can add the road to the overview map. It is because of Crowdsourcing that much of the roads that Wazers drive on is usually updated within a few weeks of a road changing.
Another Waze active function is that it has full GPS Navigation with Turn-by-turn directions. Added recently (only available in English and other select languages), is Voice Navigation, which can alert you of turns and issues in the road.
Lastly, as a recently added feature, Waze allows you to report and search local Gas Prices, to figure out what is the lowest price along your drive, and can navigate your drive towards the best gas station, with little to no effort. No tireless searching and external applications are needed. Waze has also teamed up with Gas Stations to give you exclusive Waze-only Gas Discounts that you can get for showing that you are a Waze user. Note that Gas Discounts are not available in every country, and participation may vary.