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Semen or a semen derivative that is responbile for leaving a distinct chewy and salty taste in ones mouth after having performed fellatio. Also, used to denote something of little value.
1. No Jade Im outta cigarettes. Could I interest you in some fuckwater taffy?

2. OMMMAGOD! wouldnt have believed it....I almost drown on Ricky's fuckwater taffy.

3. I wouldnt give 3 dollars for that car, it may as well be a nugget of fuckwater taffy.

4. I wish I hadant fallated John, his fuckwater taffy tasted like rotten shit.
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