hubbly bubbly
n.— «No traditional Arabian feast is complete without the social ritual of the sheesha, tobacco pipe attached to a glass orb filled with water that locals fondly call the “hubbly bubbly.”» —“A dune with a view” by Abu Dhabi, United Arab Emirates Globe and Mail (Toronto, Canada) Apr. 15, 2006. (source: Double-Tongued Dictionary)
Further reading
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