Is it possible to label x,y data points?

I am plotting numeric x,y data; each is its own wave, e.g. display ywave vs xwave.
I have a third, text wave, that contains labels that correspond to each x,y point.
Is there a way to display (on a graph) the labels corresponding to each point?

I know I could manually "add annotation" for each x,y point, but is there a better way to do this?
There is a way.

In the trace modify dialog select "markers" as the display mode.

Then in the marker symbol pop up menu, click on the "Text" button.

You can now designate the a text wave that contains the labels for all the points. It must be the same length as your x and y data.