I wore this look for one weekend last month to my alma mater's homecoming. The look was achieved using my old-school deep wave iron (I have a ceramic deep wave iron but it doesn't get hot enough to create strong waves). I packed up my iron and brought it with me. Bad idea because I used it a LOT (along with a holding spritz O_o).
I loved the fullness of the waves with this hairstyle, but my ends were very shabby. So shabby that the iron couldn't even form a wave on the ends (without me repeatedly clamping down on them <-- really bad). This was when I first realized I needed to have my ends trimmed. So I had my ends trimmed. Apparently it wasn't enough though because I realized my ends were STILL shabby. After donning plenty of buns and ponytails, I complained to my friends. They suggested I keep wearing the buns and ponytails until my hair gets healthy again. I determined that I needed to chop it off and that's what I did.
I love my deep wave iron though and I realize it can only come out from time to time. I've researched ways to get that same look without using an iron and I came across Ryler Stylers (similar to rollers).