Print came out like a wafer
The phenomenon you experience is called under-extrusion. Under-extrusion is the effect of extruding lesser filament than required for the print. The result of under-extrusion (depending on the amount of under-extrusion) can be described as spongy prints, gaps in prints/layers, failed prints, etc. As the amount of plastic flow is less than required for the print, the quality and print strength is much lower than that of a normal filament flow printed part.
Most severe under-extrusion is usually caused by incorrect filament diameter setting. E.g. Ultimaker Cura (to date, April 2019, the version is 4.0) is notorious for resetting the filament diameter to 2.85 mm after you upgraded to a newer version (because that is the diameter of the filament the Ultimaker machines use) while most people use 1.75 mm diameter filament.
From the settings if appears you have set the correct filament diameter (i.e. if you use 1.75 mm filament). Please measure the filament over a few meters and determine the average filament diameter to be sure.
In your case it must be something else!
A higher temperature causes filament to be more fluid (do check if the temperature you use fits the type of filament you use), so an increased temperature should help against under-extrusion (less friction for the extruder to push the filament through the nozzle). Please do check the extruder stepper; is it skipping?, is the tension the extruder gear exerts on the filament enough to prevent slipping?
Finally, blockage of the nozzle; partial blockage of the nozzle can prevent consistent flow from the nozzle. It is advised to rigorously clean the nozzle (e.g. using the atomic cleaning method where you heat up the nozzle insert filament and turn off the heat to pull the filament out when temperature is about 30 °C lower than the printing temperature of the filament) or replace the nozzle.

To complete the answer, another source for under extrusion that is seen from the beginning of 2020 of Marlin firmware operated 3D printers is that instead of normal extrusion (where E in the G-code file denotes extrusion of filament movement in units of length), the printer assumes it is volumetric displacement. From the Marlin menu of the graphical controller you can change volumetric displacement to length displacement by disabling volumetric flow.