under water

under water
 adj.— «Jarjura said he’s glad his staff has come up with a way to get beyond the problems of properties that are “under water,” in real estate parlance.» —“Delinquent Waterbury properties head for auction block” by Steve Gambini Republican American (Waterbury, Connecticut) July 26, 2006. (source: Double-Tongued Dictionary)

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Further reading

Punny Names From 1916

In 1916, a small-town newspaper in Pennsylvania printed a fanciful item about a local gathering with a guest list that included, among others, Miss Ella Vader, Mr. Ray Zor, and other punny names. This is part of a complete episode. Transcript of...

To Noodle with Your Noddle

To noodle meaning “to think on” is so-named because it from noddle, an old word for “head,” and not because a brain looks like a clump of pasta noodles. This is part of a complete episode. Transcript of “To Noodle with Your Noddle” Hi...