As I go flying over the ocean waves for my miniature European tour, here's an appropriately-named one-step variation from the pages of Frank H. Norman's Complete Dance Instructor (Ottawa, 1914).  As far as I know, that is the only place "Ocean Waves" was ever published, so I would not consider it a common variation.  But it's kind of wacky fun and provides something besides boat swings to do with both arms outstretched, in case anyone was feeling the lack of such things...[simple variation behind the cut]