It took me two weeks to find Waldo, but it was well worth it. I have the North America 2003 version of Where's Waldo in Hollywood, so my answer may not suit your book.
This is almost a scavenger hunt. I can't quite describe it based on his exact location. Basically, find the blond Wenda in the middle of the right hand page. Follow the line of Wendas to the left. The Wenda on the far left of the "Wenda stage", one above the front Wenda, will have a hand in front of her mouth. Follow that hand down and the Waldo it links to will have a bone in his other hand. The book you have may be different (I don't know if there are other versions of Hollywood, but I wanted to be specific just to be sure.)
I hope this helped you find Waldo. If you want to know the other character locations, please post them. -Jeff
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