Dynamic Stochastic Wavetable Synthesis (DSWS) is a sound synthesis and processing technique that uses probabilistic waveform synthesis techniques invented by Iannis Xenakis as a modulation/ distortion effect applied to a wavetable oscillator. The stochastic manipulation of the wavetable provides a means to creating signals with rich, dynamic spectra. In the present work, the DSWS technique is compared to other fundamental sound synthesis techniques such as frequency modulation synthesis. Additionally, several extensions of the DSWS technique are proposed.