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It can mean that. I've never heard it used though, except in movies. The more common word for waiter (in Quebec at least) is "serveur". http://www.wordreference.com/fren/gar%C3%A7on
If you were in a restaurant and wanted the waiter's attention, you wouldn't yell "Garçon!", just like in English nobody really yells "Waiter!" anymore. You say something along the lines of "Pardonnez-moi" while most likely sticking an arm up or waving at him.
http://en.wikipedia.org/wiki/%C3%87 That link will tell you the alt codes for it. I suggest the international keyboard though. http://french.about.com/od/writing/ss/typeaccents_7.htm