Large-amplitude drift wave fluctuations are observed to cause severe ion temperature oscillations in plasmas of the Caltech Encore tokamak ͓J. M. McChesney, P. M. Bellan, and R. A. Stern, Phys. Fluids B 3, 3370 ͑1991͔͒. Experimental investigations of the complete ion dynamical behavior in these waves are presented. The wave electric field excites stochastic ion orbits in the plane normal (Ќ) to B, resulting in rapid Ќ heating. Ion-ion collisions impart energy along ( ʈ ) B, relaxing the Ќ-ʈ temperature anisotropy. Hot ions with large orbit radii escape confinement, reaching the chamber wall and cooling the distribution. Cold ions from the plasma edge convect back into the plasma ͑i.e., recycle͒, causing further cooling and significantly replenishing the density depleted by orbit losses. The ion-ion collision period ii ϳT 3/2 /n fluctuates strongly with the drift wave phase, due to intense (Ϸ50%͒ fluctuations in n and T. Evidence for particle recycling is given by observations of bimodal ion velocity distributions near the plasma edge, indicating the presence of cold ions ͑0.4 eV͒ superposed atop the hot ͑4-8 eV͒ plasma background. These appear periodically, synchronous with the drift wave phase at which ion fluid flow from the wall toward the plasma center peaks. Evidence is presented that such a periodic heat/loss/recycle/cool process is expected in plasmas with strong stochastic heating.