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water lily, (family Nymphaeaceae), family of about 60 species in 4 genera of freshwater flowering plants (order Nymphaeales) native to the temperate and tropical parts of the world. Water lilies provide food for fish and wildlife but sometimes cause drainage problems because of their rapid growth. Many varieties have been developed for ornamental use in garden pools and conservatories. Closely related genera, of the family Cobombaceae, are the water shields and the fanworts.