Matt McGinn wrote a song called Troubled Waters, about the drink among other things , and I've sometimes wondered whether it might have been an inspiration for this one, since the tune's not that dissimilar. Probably not, but it's a good song anyway, and worth posting - it's in/on Song Smith Two, a magazine with cassette which was produced by Pete Coe in 1992.

I've been sailing through troubled waters
That knew no calm.
The wind was wailing o'er those waters
And my sorrow knew no balm.
Troubled waters, troubled waters, troubled waters in my soul.

I've been drinking troubled waters
To ease my mind
But in those waters, troubled waters
No solace could I find
Troubled waters, troubled waters, troubled waters in my soul.

Srorm clouds gather o'er those waters
No haven had I
I wandered o'er those waters
No love had I
Troubled waters, troubled waters, troubled waters in my soul.