A code word used by clueless visitors to a topless area (Usually a beach, swimming pool, or other place where water is prominently blue) used to point out a nice looking set of boobs without being noticed by the other people.
Guy1: "Hey man, look at all this BLUE WATER around here!"
Guy2: "Yeah I know! theres some really big BLUE WATER to your left."
Guy1: "Holy shit! That's the nicest BLUE WATER I have ever seen!"
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