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Simply defined as throwing up out your butthole. It can be clear or brown but at other times it can be any color of the rainbow.
Dude, that Taco Bell gave me some o'l water ass.
water ass by Bucky McBuckfest August 19, 2006

watery asshole 

Bro why did you water my asshole so much now it's a watery asshole

high water ass 

An elevated posterior commonly occurring amongst women of Latin descent (exception: some Polish anomalies have been documented). Known turn-on for Libras.
J-Lo has a tight high water ass.

blue ass water 

When an "influencer" (usually Instagram white girls/fuck boys) posts a picture of the place they're at that includes some body of water that looks very blue, and very beautiful. Fact: this phrase was invented by Cody Ko, in his video titled "QUIT YOUR JOB AND TRAVEL FOREVER!!".
Person 1: "Look at this hot girl's Instagram post. 2 weeks in Greece! I wish I was her."
Person 2: "Yeah look at that blue ass water. Now I feel like shit."

Ass water 

Normally used in reference to bath water. In it's natural environment, bath water is "clean", normally only dirty if your bathtub is dirty itself. But once a body is submerged, often just the lower half of said body, organisms and bacteria transition to the bathwater. Mostly unseen to the human eye, these organisms and bacteria spread throughout the bathwater in the steady metamorphosis into ass water.
If you didn't shower before taking a bath, you might as well have been sitting in ass water.
Ass water by Aurelico May 5, 2019

ass water 

Having a case of severe diarrhea in which you urinate from your asshole.
The next time I have diarrhea, I hope it's not ass water.
ass water by Lenard Powerdong August 7, 2006