pondwater

A great drink (if you wanna get hammered), half a lager mixed with WKD blue, its lush.

Can't think of an example for pondwater, its a drink.

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pondwaters

The same as highwaters.

Slang for short pants, ie, the person's socks are showing.

Look at him, he has got the pondwaters on... what a faggot.

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