lipquid

lipquid lip-kwid - noun: The vaginal secretions of an aroused female and/or the byproduct of the rare act of female ejaculation, in which during an orgasm, the vagina squirts (with great force and velocity) a stream of clear fluid from the para urethral region. This clear and unpleasant spritz often contains within it traces of urine--depending on the last time the female urinated--causing many ill-advised women to be embarrassed by the act, believing they had giving their partners a golden shower.

Obviously, a play on the word liquid.