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Budwater 

Another name for Budweiser, because it tastes like water. Ales are way better because they actually have a taste, and you don't have to drink nearly as many.
Guy 1: Hey, you got any Steelhead Extra Pale Ale

Guy 2: No, I only got Budwater
Budwater by Steelheader September 25, 2008

bongwater 

the water inside a bong used to cool the smoke before it is inhaled. Should be changed after every bong session or it gets really nasty
Hey man, you just spilled bongwater all over my couch, that shit reeks. I think you douched the bowl too you mo-ron.
bongwater by Spanky McSpunk April 14, 2003
1. a Nebraskan

2. nickname from the 1890's for the University of Nebraska before it was changed to Cornhuskers.
My neighbor Michelle is a bugeater, she moved from Omaha.
bugeater by cardinal_fan October 13, 2004

Bungmaster 

When someone has gotten a lot more intoxicated than any other members of the group. The bungmaster usually has vomit on their nose/upper face, takes casual swims, and hooks up a plenty. Bungmasters also have large lips and really enjoy the odd racist joke. The next day they are no fun, but come nighttime, they take the reigns of the gathering and resume their title of master of the bung.
"Whats Alison doing?"

"she's jumping in the lake!"

"Woow, shes the bungmaster!"
Bungmaster by Yips93 September 7, 2009

Bongwater 

A title reserved for a stoner of legendary proportions. Requires at one point in time accidentally drinking bongwater out of something other than a bong. This stoner is adept in the art of rolling, but prefers a water filtered device. Akin to the title of grandmaster in martial arts.
I saw bongwater james take a bong rip, I've never seen anything like it.

Bung Water 

A thin, viscous substance similar to dirty water that seeps from one's bleeding asshole. Bung water is water contaminated from gastric fluid built up over years of unhealthy digestion. A person who suffers from bung water seepage is completely worthless, but can save themselves if they fashion themselves a bum cover from silk.
Philip: "Hey dude my bung is super leaky and wet lately."
Sam "That is called bung water, you're fucked."
Philip "Ah dude can i borrow your bum cover?"
Sam " FO SHO!"
Bung Water by Bungking August 11, 2008