Slang for short pants, ie, the person's socks are showing.
Look at him, he got the highwaters!
pants that white, nerdy, rich, or geeky people wear. known in spanish as "aguas altas"
gangsta g: damn jesse you got the best highwaters in virginia, where can i get me a pair?
jesse: at the highwater store i own in fairfax station virginia. if it doesnt have my signature, there not authentic highwaters.