Water is the basis for life on this planet. So dreaming of water could indicate life, the cycle of life, or the ability to nourish yourself. Depending on the context of the dream, water could indicate a desire to cleanse yourself – physically on the outside or inside, emotionally, or spiritually. If you are playing in water, it could indicate a desire to have more fun in your life. If water is over-flowing or flooding, it could indicate that you have too much of something in your waking life.