Yup, that evaluates to TRUE. (I thought, in my previous post, that you don't need irony-tags at /., but well, you live and you learn)

Being wet is not an attribute of water, in fact water makes wet. If I remember correctly from my physics class:
When a matter is covered by a liquid such as water, that matter becomes wet.
Yes, the Pope, on the other hand, does have to have the attribute "catholic==YES", otherwise it won't work (whatever "it" it is).