Water is rarely a subject of Euro-American literary attention, even if it is one of the most essential commodities today. But this is not the case for literary studies in places such as Oceania and the Caribbean, and in our world’s moment of environmental crises the status of water as (and as not) a commodity is more important than ever. This chapter first sketches out broader trends of water’s commodification in several canonical literary texts. The chapter then examines imaginaries of transnational waters, hydro-power, and water contamination in works by Ruth Ozeki and Nnedi Okorafor. Finally, I focus on contemporary authors from Oceania who prioritise water’s critical importance as they challenge notions of it as a commodity and complicate the ‘Blue Humanities’. This chapter considers shows how fictions and poetry can creatively engage with forms of water’s commodification but also theorise alternative water futures.