The crossword solution for the term 'Word with Oil and Water' is PAINT. PAINT is a mixture of oil and water, usually used to decorate walls and other surfaces. It is made up of a pigment, a binder, and a solvent. The pigment provides color, the binder binds the pigment to the surface, and the solvent helps the PAINT to spread evenly. PAINT is available in a variety of colors and finishes, and can be used to create a wide range of effects.