Dry water is the result of coating small water droplets in silica. It is a powdery substance like sugar and is composed of 95% water.
Jokes about dehydrated water crystals aside, this is a pretty impressive technique for collecting and containing water which has been around since 1968. In 2006, it was rediscovered as a potential way to absorb carbon gases and a host of other applications.
I've got to think back to other 8th grade jokes to see what future technology will bring.
"Dry water" could make a big splash commercially at the American Chemical Society where the announcement of this announcement was made at the 240th meeting in Boston.
Scientists Create 'Dry' Water Droplets at Scientific American
Scientists create 'dry water' at The Telegraph