just published the deck i am working on and what i think is the best combo for waste not, calling it "Milling the token machine"
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for a full black deck, this is fine, but think of this (this is my opinion on how waste not can be used)waste not :discard effect, zombie tokenschasm skulker :counter for every time you DRAW a card, when creature dies, squid tokensdiregraf captian :zombie token boostjaces archivist :DISCARD hand and DRAW card equal to the amount you had in your handelixir of immortality :recycle graveyard into deckblue and black combo. good combo for milling, massive tokens, extra land and life.
not bad for a full black discard deck but i personally have a better combination for waste, to the point where it is token galore
i have a few tribal decks actually. goblins (few pheonix to cover the flying)catshumansenchantment creaturesminotaurs and satyrs with chandra (beauty and the beast)"hulk" hydras (and few other angry huge green creatures)