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underwarez 

Inappropriately appropriated gratification; ill-gotten getting off. Derived from underwear, that being the usual location of the pleasure derived from underwarez, and warez.

That is a broad definition. Depending upon circumstances, the specific meaning could be anything from shaking hands with the unemployed, to cheating on your partner, to incest.
Not with your sister, you jerk! That's underwarez!

Don't stick your hand in your underwarez in public!

Stop shopping at the middle school, there's nothing there but underwarez!
underwarez by FridgeRaider December 29, 2006

Underwater ‘Parasite’ Cocaine Smuggling

Underwater ‘Parasite’ Cocaine Smuggling — A tactic where gangs use scuba divers to attach cocaine stashes to the hulls of unsuspecting ships.
I make my living as a scuba diver; but, I ain’t no Jacques Cousteau — I’m into Underwater ‘Parasite’ Cocaine Smuggling . It’s dangerous but quite lucrative!!!!!!!

UnderWater FlyZone 

When you feeling down or upset but there’s always something or some place that makes you feel wanted or happy, even something you look at like a picture, basically anything that makes you feel happy or wanted that’s called your UnderWater flyZone.
Are you ok? Yea I’m just listening to music...that’s kinda my UnderWater flyzone...

Underwater Ceramic Technician 

A fancy name for someone who washes dishes. (Dish pig)
What do you do for work? I'm a doctor"......"Ummm...".....*embarassed* ... "I'm an Underwater Ceramic Technician"...."Wow that sounds impressive!"...."yes..yes it is.

underwater basket weaving 

fictional college course that is used to mock the typical course load taken by the average Division 1 basketball or football "student-athlete".
Advisor: This semester I'm gonna have you take Basketball Theory 101, Geography 100, College Seminar 101 and Underwater Basket Weaving 101 so we can keep you eligible.
Athlete: I don't know if I can handle all that
Advisor: It's okay, we have individual tutors for each of those classes that will do your homework for you.

underwater 

The state of taking out a loan to buy something, and that thing then losing enough value that it becomes worth less than what you owe on the loan. Common with new cars and also happens with homes.
My mom was underwater on her house for almost a decade after the housing market went tits up in '08.
underwater by techn1ciaN April 7, 2021