I gotchu. It’s not actually all that disgusting. From Wikipedia:
The first part of the title is a slang term for the human anus. Hot Dog Flavored Water is an in-joke started by Wes Borland at a truck stop while the band was on tour, where Borland saw bottles of Crystal Geyser flavored water, and made a joke about having meat or hot dog flavors.
I’m still unclear on the water part and I’ve never been inclined to Google it.
I gotchu. It’s not actually all that disgusting. From Wikipedia:
phew