To add (embed) a wave to a website, you need to add embeddy into your contact list and then to the wave you need to add to the web.
1. Add embeddy@appspot.com to your contact list
2. Create a new wave, and add embeddy to that wave
3. from the window do as directed
This will allow to embed awave to the website, and a user in that wave can do all the things as inside a wave. While others can see it in real time too.
See below