Underwater – Dreaming about being underwater can mean many things. See Scuba Diving. If you dream that you are drowning it means that you are unable to cope with the problems that are associated with water. The things that are normally associated with water are spiritual and financial aspects of your life. If you are having financial or spiritual problems in your life that you are already aware of, this dream probably represents those. If you do not believe that you have financial or spiritual problems this dream might indicate that you will soon have some issues in these fields.