The Australian Test captain said he was disappointed and hurt when the selectors failed to find him a spot in their preliminary squad of 30 players for the tournament to be staged in South Africa and Zimbabwe next February.
But Waugh, who captained Australia to victory in the 1999 World Cup, said he had not given up hope of forcing his way back when the final 15-man squad is named later this month.
"I was very disappointed not to be considered in the top 30 players," said Waugh on Tuesday.
"I was disappointed and hurt by it and I want to try to prove them wrong."
Although Waugh remains in charge of the Test team, he was dumped from the limited-overs side in February after 325 matches, including 106 as captain, when Australia failed to make the final of a triangular tournament they were hosting against New Zealand and South Africa.
Waugh, 37, will get his first chance to prove the selectors wrong on Friday when he captains New South Wales against England in a day-nighter at the Sydney Cricket Ground.
"I've just got to get runs and, if I bowl, take wickets and make an impression," he said.
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