The state of taking out a loan to buy something, and that thing then losing enough value that it becomes worth less than what you owe on the loan. Common with new cars and also happens with homes.
My mom was underwater on her house for almost a decade after the housing market went tits up in '08.
by techn1ciaN April 7, 2021
Get the underwater mug.
A hell hole of incels controlled by a monky
Monky:” ooga ooga ooga”

Average underwater member: “yes plz give sex monky man”
by Das JUDEN September 4, 2019
Get the Underwater mug.
When you feeling down or upset but there’s always something or some place that makes you feel wanted or happy, even something you look at like a picture, basically anything that makes you feel happy or wanted that’s called your UnderWater flyZone.
Are you ok? Yea I’m just listening to music...that’s kinda my UnderWater flyzone...
by Isaiah j hecker December 21, 2018
Get the UnderWater FlyZone mug.
Similar in nature to that of an overwater camel, however this vertebrate skims the ocean floor in search of underwater grass. It stores water in it's humps in order to breathe for longer periods of time. The underwater camel is native to Ottawa, and generally live alone because of the cold weather, however occasionally they may mate with a backwards deer to create an underwater deer camel.
The great underwater camel of 1923
>"How to catch a deercamel" A Spike Lee original
by Fluis Cunders December 5, 2013
Get the underwater camel mug.
A sexual maneuver in which a man ejaculates into a woman's vagina and farts either at the same time or immediately thereafter ejaculation, but before withdrawing.
"He just gave me an underwater trumpet. It was vile."
by nayqueenie May 13, 2010
Get the Underwater Trumpet mug.
popular dance music characterized by hypnotic rhythm, repetitive lyrics, and electronically produced sounds performed soley below the surface of water.
The bowling alley was closed so we went to the underwater disco place
by mikey July 1, 2004
Get the underwater disco mug.