I have no idea what water spots are but this is what I was told I had when I was in Iraq and noticed some clear separated bubbles on my penis. It was about six months into the tour before they appeared and I showed the medic and that's what he told me they where. So when I got back from Iraq I went to get some test done and both times they came back negative. Both doctors I went to said they had never heard of water spots but suggested a special type of lubrication. There is no pain, no discoloration, no colly flower appearance, just two or three clear bubbles whenever I have sex. Like 3 to 7 days after I have sex. Is it the friction and do I need to slow down?