Water's rhymes with:
mcwaters, mcwatters, waters, daughter's, daughters, daughters', mcwaters, mcwatters, slaughters, waters
Water's sounds like:
waders, waiter's, waiters, waitress, waitresses, waterhouse, waterhouse's, waters, waterways, waterwork, waterworks, watrous, watters, wauters, weather's, weathers, weatherwax, whitehorse, whitewater's, wiatrowski, widowers, widrick, widrig, wiedrich, withdraws, withers, witter's, witters, wittrock, woodrich, woodrick, woodwork, wooters, wouters, wuthrich