At the risk of other butches' ridicule, I have something to share.
Not the nether-regions--just my face. But my friend C says I'm crazy for doing it. The thing is, I *like* having nicely-shaped eyebrows that don't grow together or extend to my ears (such that it appears I am permanently wearing a furry '80s-inspired headband). Additionally, though God saw fit to endow me with a tiny black mustache (as if I am, say, a 60-year-old Eastern European woman), that doesn't mean I'm obligated to keep it.
Waxing hurts a little, but as I like telling C, I'm butch enough to take it. It's not for my gf, either (she literally does not notice these things). I like having a smooth upper lip and well-manicured brows. If that makes me a faggy butch, well, who cares? That's just extra gayness--bring it on!
If you choose to join the exclusive ranks of waxing butches, here are a few tips to make your experience a good one:
For the record, I shave my 'pits and legs, too (using a men's Mach 3 razor and men's Edge shave gel). And I'm no less butch for the wear.