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1.
Cheap beer that contains very little alcohol. In the 70s 3.2 beer had this title, but since the national 21 year old drinkiing age it has been difficult to obtain. Now piss water is usually shitty beers like nattie ice and busch. Stupid college kids drink these beers. Don't be those kids.
Man, this piss water sucks. I've been to teh pisser 5 times and I'm not even buzzed yet.
by Billy The Impaler December 14, 2004
65 12
 
2.
watered-down beer.
Fuck Budweiser, that shit is fucking pisswater
by r00fles April 24, 2003
46 14
 
3.
Light beer.
Carl- "Hey, Chuck, is there any high-life left?"

Chuck- "No, sorry just a six pack of piss water somebody left in the fridge"

Carl- "Oh. Yeah i'm defiantly not a fan of that piss water so called Nattie Light"
by The_Buddy December 31, 2009
13 7
 
4.
The liquid left at the bottom of the bowl, after you've eaten all of the cereal and all the fat of the milk is absorbed.
Just ate a bowl of Krave, and all I was left with was a bowl of Piss Water
by Sir Butternubs October 14, 2012
2 12