Water on the Moon

You’ve no doubt seen the news that there is “water” on the moon.
If you have read or seen more than the nightly news, then you know, of course, that the phenomenon isn’t really as susbtantial as reports might lead you to believe. Outgassing of hydroxyl ions is exciting because its a geological/astrophysical process that we never, ever, expected to exist before! But its not like Armstrong could have dug a well and gotten liquid water out of the deal.
Still, the existence of this stuff could make a lunar base a much easier prospect, down the line.