Water-cooler definitions

A device for cooling and dispensing drinking water.
noun
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A dispenser of cooled drinking water.
noun
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(figuratively) A place in the workplace where employees gossip.
noun
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Of the nature of things discussed around a water-cooler.

"in those days The Late Show was Monday water cooler topic du jour."

adjective
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Origin of water-cooler

water +"Ž cooler. In sense of gossip, compare scuttlebutt, of similar origin.