photo taken last night of the moon rising over Mount Olympus on 01/11/12.
WANING: To decrease gradually in size, amount, intensity, or degree. To approach an end.
The reflective light we see from moon is constantly changing. It is either increasing or decreasing. Waxing or Waning. Just like the moon's light, we too are either gaining more light/knowledge in our life, or losing more light.
I like this scripture found in John 3: 30. John talking about the Savior and His mission states, "He must increase, but I must decrease." John was a humble man. He never sought to make a big name for himself, he had followers but led them all to the One True Source. He knew who to look for salvation, and pointed out to others that his role must decrease while the Lord's role must increase. It was a time of "waning" for John and a "waxing" for Christ.