A great drink (if you wanna get hammered), half a lager mixed with WKD blue, its lush.
Can't think of an example for pondwater, its a drink.
by Ant93 October 11, 2005
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The same as highwaters.

Slang for short pants, ie, the person's socks are showing.
Look at him, he has got the pondwaters on... what a faggot.
by blakejd5692 January 05, 2010
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