The act of machine shredding all of your mail after reading it instead of just throwing it in the trash. Those especially concerned about identity theft are often "watergaters".
EX. "Where's Paul?" "The mail just came, he's back in his office watergating."
It's like tailgating but in the water. You also can steal some democrat party documents while you're at it. Hopefully get pardoned for all the hell you cause.
Jon and Devinwent watergating before the Football game.