What has holes in the top and bottom, holes in the middle, and holes on it’s sides, but still holds water?
When someone refers to a “watering hole,” it either means a place where there is water for animals (or people) to drink, or they mean a bar or tavern.
If someone says they’re “in deep water”, they are in a difficult situation which is hard to deal with. In other words, they are in trouble. Deep water can be very dangerous, especially if someone can’t swim.
Finally, when you “test the water” you try to discover what people think about an idea before you do anything about it, or to try to discover what a situation is really like before you become involved. Most problems that push people out of their depth arise when one fails to test the water, which leaves them in deep water…
Riddle answer: A sponge.
Have a great weekend!