Green’s Dictionary of Slang

lollywater n.

[SE lollipop + water]

(Aus./N.Z.) a non-alcoholic drink.

[Aus]Duke Tritton’s Letter n.p.: I can go into the Rubbity Dub and have a lemonade [...] and no one ever laughs at me or calls me sissy because I am drinking lolly water.
[Aus]Truth (Sydney) 2 July 5/8: This deflection from political grace must come liko a swig of lolly-water after a dose of salts to the public.
[Aus]Wkly Times (Melbourne) 30 Apr. 45/2: Alas — when toasts were proposed and drunk, the ‘little lass’ (who has always had a passion for what she calls ‘lolly water’), insisted upon emptying her glass each time.
[Aus]Western Mail (Perth) 9 Mar. 21/1: Bottles of ‘lolly-water’ (soft drink) were issued.
[Aus]S.L. Elliott Rusty Bugles I i: Give us some lolly water.
[Aus](con. 1940s) T.A.G. Hungerford Sowers of the Wind 177: You’ve never got your feet wet in anything worse than lolly-water, you bloody queen!
[Aus]N. Pulliam I Travelled a Lonely Land (1957) 66: Australians drink a good many fruit juice ades. These are called ‘lolly water.’ Lolly water comes in big bottles and resembles American colas and pops, but isn’t quite so carboniferous.
[Aus]J. Walker No Sunlight Singing (1966) 181: It’s nice and sweet, they lap it up like lolly water.
[UK]L. Hadow Full Cycle 152: Eh, you [...] where that lolly-water for your kids tomorrow?
[NZ]McGill Dict. of Kiwi Sl. 70/1: lolly water soft drink or weak alcoholic drink.
[NZ]McGill Reed Dict. of N.Z. Sl. [as cit. 1988].
[Aus]S. Maloney Sucked In 119: We hunted up a late lunch of BBQ crisps and lolly water.