Sheesh, no replies yet?
Not since I sailed my 14T that I sailed with a jib. Been about 20 years, but here goes...
In general a jib is used to add a little more sail area for additional speed. From what I have read, the Wave jib does not increase performance much. But it is a good training tool, plus it gives crew something to do.
Basically, the jib is just a second sail and should be treated like one. Trim it in just until it stops luffing (flapping), kind of the way you do the main. It does have a telltale, so follow the same rules as the main, using the telltale as a guide. Sheet the jib in if the telltale is pointing high, sheet out if it is pointing low.
Also, one nice aspect of a jib on a catamaran is that of a tacking aid. The Wave does tack quite well, but cats in generealy do tend to stall rather easily when tacking (especially the Hobie 14's!). The jib can be backwinded to carry you thru the tack. To do this, simply leave the jib cleated as you begin tacking. As the boat starts the turn into the wind, the cleated jib catches the wind on the opposite side, now pushing the bows around more quickly. Once you are established on a new tack, then uncleat the jib from the now backwinded position and allow the jib to function normally. Adjust the sheet on the main, then adjust the jib.
When gybing, just manage your main first, but maybe just tighen the jibsheet some, then otherwise leave the jib alone. It will switch sides when it wants. Then sheet it out.
Comes pretty natural after a while.
Good luck.