This phrase compares common edibles to bodily excretions, water is compared to saliva, milk is compared to breast milk, lemonade is compared to urine, and fudge is compared to fecal matter. As the phrase is recited (usually by a small child, as this age group is typically attracted to the gross and abnormal in the medium of entertainment)the reciter point first to their mouth indicating saliva (water), then to their nipples indicating breast milk (milk), then to their genitalia, indicating urine (lemonade) and finally, they point to their buttocks indicating fecal matter (around the corner, fudge is made).
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