Wait

Waiting is an act that can be used to pass time, rather to wait for a store to open, to be able to complete certain quests or just because you can't see in the night. Waiting be done anywhere, providing as you're not in a situation where you can lose health (e.g. falling off cliffs).

Waiting is different from resting as it does not raise your level like resting does. It does, however, restore HP, magicka and Sleepyness for yourself and for any friends you might have. Waiting does not require a bed and can also be used for passing time when a bed is not near. You cannot wait when enemies are around, when you are in the air (jumping, falling etc.) or when you're trespassing inside someone's house.

Known Bugs, Glitches:

1- (Xbox 360) - after click the "Back" button to wait, you can bring up the xbox guide and the waiting time goes by faster.

2- (PS3) - by clicking X to confirm then pressing the PS Button.