Water

1. v. t. An addition to the shares representing the capital of a stock company so that the aggregate par value of the shares is increased while their value for investment is diminished, or “diluted.”
2. n. The fluid which descends from the clouds in rain, and which forms rivers, lakes, seas, etc.
3. n. A body of water, standing or flowing; a lake, river, or other collection of water.
4. n. Any liquid secretion, humor, or the like, resembling water; esp., the urine.
5. n. A solution in water of a gaseous or readily volatile substance; as, ammonia water.
6. n. The limpidity and luster of a precious stone, especially a diamond; as, a diamond of the first water, that is, perfectly pure and transparent. Hence, of the first water, that is, of the first excellence.
7. n. A wavy, lustrous pattern or decoration such as is imparted to linen, silk, metals, etc. See Water, v. t., 3, Damask, v. t., and Damaskeen.

The word meanings were obtained from OPTED(The Online Plain Text English Dictionary), which is based on “The Project Gutenberg Etext of Webster’s Unabridged Dictionary” which is in turn based on the 1913 US Webster’s Unabridged Dictionary (See Project Gutenburg), as a text file.