The Brazilian wax is the cutting edge bikini wax for women. It
gives you the smoothest tush, labia majora, and mons pubis that you
can get. It's way better than shaving this sensitive area and when
the hair grows back it's softer, less stubbly, and less itchy. Some
women say it just makes them feel cleaner.
Technically speaking there are four types of bikini waxes.
The Bikini Wax - Hair is removed from outside the panty line.
The Brazilian Bikini Wax - Leaves a vertical stripe in front, two
to three fingers in width. Hair is not removed from the labia. Hair
is removed from the tush. Hair may be removed from the butt crack
if woman wishes.
The Playboy Bikini Wax - All hair is removed from the labia, all
hair is removed from the tush, including the butt crack and only a
very narrow strip is left in the front. Named after Playboy
magazine because that's what you see on the models in
Playboy.
The Full Bikini Wax - It's all taken off baby. Everywhere.
Everything. Bald.
<--from an article