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From: Webster's Revised Unabridged Dictionary (1913)

 Wa·ter v. t. [imp. & p. p. Watered p. pr. & vb. n. Watering.]
 1. To wet or supply with water; to moisten; to overflow with water; to irrigate; as, to water land; to water flowers.
    With tears watering the ground.   --Milton.
    Men whose lives gilded on like rivers that water the woodlands.   --Longfellow.
 2. To supply with water for drink; to cause or allow to drink; as, to water cattle and horses.
 3. To wet and calender, as cloth, so as to impart to it a lustrous appearance in wavy lines; to diversify with wavelike lines; as, to water silk.  Cf. Water, n., 6.
 4. To add water to (anything), thereby extending the quantity or bulk while reducing the strength or quality; to extend; to dilute; to weaken.
 To water stock, to increase the capital stock of a company by issuing new stock, thus diminishing the value of the individual shares.   Cf. Water, n., 7. [Brokers' Cant]