also: みなわ
noun
foam; bubbles
Literal meaning: foam or bubbles on the surface of water. Used in descriptive or scientific contexts.
川の流れに水泡が浮かんでいた。
Foam was floating on the river current.
noun
coming to nothing; ending in failure
Idiomatic use, almost always in the set phrase 水泡に帰する (come to nothing, end in vain). The image is of plans or efforts vanishing like bubbles.
See also: 水泡に帰する (すいほうにきする)
長年の努力が水泡に帰した。
Years of effort came to nothing.