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Racist slur for someone of Portugese decent that that can be applied to the the thick dark uncontrollable hair that the individual may posses like their prized breed of dogs. Can also be used as a slur against Portugese in general.
Matt you fu*kin Water Dog you should be embarrsed of yourself you son of bitch.
Water Dog by Bobby Bker July 10, 2010
Hey, yo man. I kinda like these(dolphins). They are like water dogs.
Water Dog by Minnesoulja May 26, 2007
also, water puppy.

A salamander. Supposedly, people in the southern U.S. would eat breaded salamaner and if they refused to eat it they wre told to refrain from speaking. This is how context in which water dog was used, became the route word for Hush Puppies.
sterotypical immature girl: eeew that water dog just touched my leg.

Girl's father: That salamander will not harm you.
water dog by Light Joker June 21, 2004
any person or persons that spend a quantity of time in a pool atmosphere, and exhibit egotistical tendencies to compensate for PPWTS(permanent pool water testicular shrinkage).
water dog by w. Igger November 11, 2002
When you pump a lot of water into a woman’s vagina
Water dog by Cowfish September 30, 2021

portuguese water dog 

a breed of dog that originated from portugal, where they helped fisherman catch fish. they have webbed feet, and a blue tint to their skin. they generally love being in the water. they have either curly or wavy hair, and are either black brown or white.
Look, that portuguese water dog is swimming in the lake!
portuguese water dog by <3ssej March 15, 2009