Waste activated carbon (WAC), as a typical solid waste, can be utilized by chemical looping gasification (CLG) technology with an iron-based oxygen carrier to produce valuable synthesis gas products. A series of experiments on WAC of the CLG process were carried out in a fixed-bed reactor. The operation parameters involving the OC/WAC mole ratio, steam flow rate and reaction temperature during WAC CLG reactions were investigated in detail. Further, the cyclic performance within 10 cycles was also discussed. Fresh and other representative oxygen carrier samples were analyzed by X-ray diffraction (XRD) and scanning electron microscopy (SEM) characterization methods. The results showed that the optimal OC/WAC mole ratio, steam flow rate and reaction temperature were determined to be 0.15, 0.10 mL/min, and 950 °C, respectively, to obtain high-quality syngas with relatively high carbon conversion. The iron-based oxygen carrier exhibited a stable cyclic performance during the multiple tests, following the reaction path of Fe2O3→Fe0.98O in the individual reduction process. Moreover, the iron-based oxygen carrier could be oxidized almost to its initial state after 10 redox tests, and no obvious sintering and agglomeration phenomena were observed. The WAC of CLG presents a new approach for the comprehensive utilization and disposal of solid waste, especially with low volatile feedstocks.