It halves all damage taken by PK Fire when equipped. It can be purchased for $700 from one of the three gift shops in the northeastern portion of the town square in Magicant, being the shop located to the right of the other two.

Due to it's availability, it can not be bought or equipped in Mother 3.

It's literal Japanese Translation is Waterdrop Pendant. 

A picture of H2O Pendant

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