One of my favorite places to go for happy hour in Waikiki is definitely Hula Grill. The view alone makes it worth every penny. Normally, this place would be in the "special occasion only" price range for us, but they have so many great deals and delicious choices during happy hour, it's totally doable for a late afternoon or early evening out.
I love the happy hour menu at Hula Grill because there's an excellent variety of really great pupus for a totally reasonable price. It's not just one or two boring things. We shared the Peking Pork Belly Bao which was rich and lovely , and the Beer Battered Fresh Fish and Chips which comes with a sweet chili sauce as well as tartar sauce.There are still a couple of other things I'd love to try on the list, like the bbq pork sandwich.
They also have several tropical cocktails for $6 that would normally be more like $10. I tried the Hanauma Bay Breeze and the Pa'ina Punch. Both were sweet and delicious and also cute, which the girly side of me appreciated.
My favorite thing about the whole concept of happy hour is that it can allow you the opportunity to try things that would be otherwise inaccessible. We had plenty of food between the two of us, and we each ordered two drinks. Our bill with tax and tip was just over $40. It's not something we could afford every week, but for good cocktails in Waikiki, that's extremely reasonable.
Hula Grill is located on the second floor of the Outrigger Waikiki. Be sure to check their website because the times of happy hour are different depending on the day of the week. Order yourself a fruity cocktail, and take in the ocean view. You'll know you're in paradise.