In Tawain, the slang term for what in English could most closely be paralleled with "cunt."
It relates to the concept of a moist (hence, "water") vagina (hence, "chicken"). The Tawainese (Tawainese as a language is very similar to Chinese...but different)pronounciation phonetically is (basically): dj-we gay.
I want to eat her delicious, juicy water chicken so bad.
Look at that hot water chicken walking down the street!