In reply to the inspiral carpet:
> (In reply to blanchie14c)
>
> It's only water soluble in its liquid state
I'm afraid not. That said it's not particularly soluble but given time it will dissolve. You wouldn't want to sail across the Atlantic in a fabric boat that had been proofed in PVA.
I realise it's often used for sealing walls and stuff but it only works because it doesn't get very wet very often for very long.