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1.
An alligator or crocodile that lives on a golf course.
If you play golf in Florida, you have to be aware of the water hazards.
by frankiewashcloth May 10, 2010
 
2.
The splashing of sink water on your shirt or pants to try to show others you did not have pee fly off the urinal and hit you, but that you had a large amount of sink water splash up and hit you while washing your hands.
While I was in the bathroom I saw a kid water hazard before leaving the bathroom.
by Salty nation October 22, 2013