Water

Toronto slang used to refer to events or situations that are in the past and consequently no longer to be regarded as important or as a source of concern. Short form for water under the bridge.

Synonyms:
Light, Calm

Toronto Man 1: Yo I heard you fucked my sister, wtf.
Toronto Man 2: Yeah I did. Is it water fam?
Toronto Man 1: Yeah bro, no worries its water.