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funny water 

A term minors use for alcohol, it is called funny water because of the funny taste and behaviors you engage in while drinking.
Boy 1: Yo I got some funny water for the party tonight
Boy 2: great, this party is gonna be awesome.

Fancy Water

any type of beer
"would you pour me a mug of that fancy water?"
Fancy Water by Tunas January 12, 2009

Fancy Water

Water, which given a chance crystallize into snow.
Dammit , that fancy water brought down that fellers roof.
Fancy Water by fidness 1957 January 16, 2022

Fancy ass bong water 

Sweetened ice tea from a can. (Like peach peace tea)
Yo! Give me some of that fancy ass bong water brooo!