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waterbison 

an animal much like a sea hare, except bigger, like the size of a bison. A waterbison has no ears, legs, fins, mouth, or tail. It does not need to eat. Different species of waterbisons exist and differ by different colors
a magenta waterbison
waterbison by waterbison777 March 18, 2005

Coney Island Waterfish 

Closely related to the Coney Island Whitefish, the Waterfish is a used condom seen swaying in the current under the water, not washed up on the beach. It resembles a jellyfish.

They are often found within swimming distance of the beach at a honeymoon resort.
So dude I was snorkeling and the only damn fish I could find were Coney Island Waterfish.......

waterfish 

A slang for sucker. Directly translated from the Cantonese slang for sucker "sui yu", which "sui" is the word for water and "yu" is the word for fish, hence "waterfish".
That waterfish just got conned all his cash.
waterfish by Manjix May 17, 2016

waterlopes 

Used to measure boob size.
like half way between watermelon boobs and cantaloupe boobs.
person 1: Dude, look at that chic. she's hot
person 2 : I know! She has waterlopes!

person 1: Where did your friend get her waterlopes?
person 2: She grew them herself.
waterlopes by Binky&Teeny July 11, 2010

Wyoming Waterdipper 

While taking a shit, have the seat up, and sit directly in the water while shitting
Phil did you just rip a Wyoming Waterdipper?
Fuck yeah I did Ricky!

Waterloser 

A degrading name used to label students, staff, faculty and any person affiliated with the University of Waterloo. It can also be used as a synonym for the university itself.
I was rejected from U of T, but luckily, the Waterlosers will let pretty much anyone into their university.
Waterloser by Gary Gamm September 22, 2006