Water is essential for life. Its importance for the physical health of the human body is common knowledge. This circumstance was and is one of the major reasons for the studies of the properties of water. During the last two decades, significant progress was made by these studies, and surprising results were reported. New insights were obtained by the discovery of a fourth phase of water (EZ water, high density water and low density water), by studies of the states of water in the biological cell and of so far unknown consequences of these findings, by development of alternative water models (dense water actually heavily discussed) and, as a major aspect, by application of concepts for investigations of the role of water as antioxydant. In this context, an ongoing discussion of hopes and dreams regarding physical and mental health and longevity is on the way.