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A term commonly used to refer to an expensive beer that tastes like shit. Usually refers to a beer that only a Hippie will drink so he can prove that he is a Hippie, and to insure there is no confusion with the fact he is a worthless mother fucker.
1.What the fuck Jim.....get the fuck outta here with that fuckwater stout....what the fuck is going on here?

2. Man Im gonna get my swerve on just as soon as I find a few more dollars in change for some dark-brew (fuckwater stout) from these couch cushions.

3. You come in here smellin like petuli one more time and Ill bash your face in with that bottle of fuckwater stout.