Local watering hole is a term used to describe a place where people gather for drinks and socializing. It can refer to a PUB or BAR, which are both three letter words. A PUB is a British term for a public house, which is a place that serves alcoholic beverages and often food. A BAR is a place where alcoholic beverages are served, usually with a counter and stools or tables. Both pubs and bars are popular places for people to meet up and socialize.