water-target vs water lily

water-target and water lily both are nouns.

Word	Noun	Adjective	Verb	Adverb
water-target	Yes	No	No	No
water lily	Yes	No	No	No

As nouns, water lily is a hypernym of water-target; that is, water lily is a word with a broader meaning than water-target:

water-target: aquatic plant with floating oval leaves and purple flowers; in lakes and slow-moving streams; suitable for aquariums
water lily: an aquatic plant of the family Nymphaeaceae

water-target (noun)	water lily (noun)
aquatic plant with floating oval leaves and purple flowers; in lakes and slow-moving streams; suitable for aquariums	an aquatic plant of the family Nymphaeaceae