Wave Race 64 is a racing game for the Nintendo 64 that was released on September 27, 1996 in Japan and on November 5, 1996 in North America. It is a sequel of the Game Boy game Wave Race (hence the "64"). In Wave Race 64 the player races on jet skis in many different weather conditions, on a variety of different courses. The game featured the Kawasaki Heavy Industries brand.

The objective of each race is to not only to beat the other racers but also to successfully weave the jet-ski through various buoys. There are two types of buoys: red colored, which are signified by an R on them and must be passed on the right side, while yellow buoys, which are marked with an L and must be passed on the left side. Each time a buoy is correctly passed, a power arrow will light and the jet-ski will gain speed. Up to five arrows can be lit in order to obtain a maximum power.

Failure to do either of these will result in a loss of power (though the arrows can be lit again) and missing five buoys over the course of a race will result in disqualification. Leaving the course, either by leaving the area limited by pink buoys or by getting out of the water and staying in this way for more than ten seconds will also result in disqualification.

The game modes are: Championship; Warm Up; Time Trials; Stunt Mode; 2P VS.