It's because when the water and the alcohol mix, they get cold. And when things get cold, we all know there is shrinkage. Yes. Significant shrinkage! Like a frightened turtle...
(My appologies to Jerry Seinfeld.)
My post above was intended purely for some slight possible chance of humor. It is not scientifically accurate and should not be misconstrued as being on topic.
By the way, for those not in the know, here's the complete reference -
Jerry: No, I'm not gonna tell her about your shrinkage. Besides, I think
women know about shrinkage.
George: How do women know about shrinkage? (They see Elaine walking down the hall) Elaine! (She enters) Do women know about shrinkage?
Elaine: What do you mean, like laundry?
George: No.
Jerry: Like when a man goes swimming... afterwards...
Elaine: It shrinks?
Jerry: Like a frightened turtle!
Elaine: Why does it shrink?
George: It just does.
Elaine: I don't know how you guys walk around with those things.