I honestly think that shaving is the best way to go. Even still.
In my Junior Year Abroad, I learned that the Spanish (at that time 1973-4) considered shaving disgusting for a woman. Interestingly enough, in medieval times, their Moroccan overlords would shave a harem girl from the neck down, just before she was presented to please her master for the night. That must have been quite a shock for the virgins.
Otherwise, I remember a time we were having a waxing party in the dorm. This involved copious wine, snacks, and waxing one another. Someday I may write a sexual fantasy about it, to pass it on appropriately to the men!
One of the girls got silly, and couldn't bring herself to continue the chore. She had drawn blood, which sometimes happens when a person must wax the same spot twice, and left my muy amiga Rosa with one (ONE!) hairy armpit, just before she was to go to a pool party with her fiance.
Rosa was furious, and enlisted the rest of us to take turns and pull the hairs with a tweezer. One tough broad, and the sweetest soul on the face of the planet, was Rosa. (I've often equated her with the Blessed Mother, who also must have been, to quote Fr. Andrew Greeley, "tough as nails.")
There was no convincing her to shave. All the girls thought that was disgusting. We never shaved in Spain.
One final note: I gave up waxing after I found that I still got shaving bumps. The hairs came back too weak to break the surface, and lay directly underneath, until they burst out.