It means you will have to wait while they investigate the case. No, you cannot enter the US on visa waiver.
J Charles Ferrari Eng & Nishimura 213.622.2255 The statement above is general in nature and does not constitute legal advice, as not all the facts are known. You should retain an attorney to review all the facts specific to your case in order to receive advise specific to your case. The statement above does not create an attorney/client relationship. Answers on Avvo can only be general ones, as specific answers would require knowledge of all the facts. As such, they may or may not apply to the question.
I completely agree with a brief, yet excellent assessment by Counsel Ferrari and would only add that you would greatly benefit from digging your own legal hole if you retain and rely on a competent experienced immigration attorney of your choosing to avoid further drasticaly costly mistakes.
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This means that the consulate has flagged your case for further investigation and you will have to wait until it completes the administrative processing of your case. You will not be able to come to the U.S. on a visa waiver.
Disclaimer: The information provided here is generalized and should not be relied upon as legal advice. This communication does not create an attorney-client relationship.