Yep, that's pretty much it! I thought it would be more complicated, too. If you haven't been exposed to sugar waffles before, it ends up with this very thin membrane of crispy batter that is basically an airy delivery system for fat and sugar - that whole bucketful was made with approx. 1 cup of flour.

In other words, best food ever.

(there was cooking oil dribbled all over the stove that didn't show up in the picture, but there's so little batter on the mold when you move it that there's not much chance for the batter to drip.)