Nike Waffle Racer III This is an update on an original. The Waffle Racer was originally released in 1976 and now it's back with a sleeker design. The Waffle Racer III is sporty, stylish and transfers easily from the track to the pavement. It's available in a wide array colors that all boast lightweight cushioning and support. The Waffle Racer still looks great with a pair of jeans proving classic style will always be timeless.