Did you run your petcock on "reserve"? Water is more dense than gas, so it sinks to the bottom of the tank. The reserve stem inside the tank is on the bottom, while the main stem is a couple inches higher and will draw gas instead of water. I think they still sell "Dry Gas" an alcohol that mixes with the water and burns it.
For hydrolock, one or more float needle/seats has to be dumping raw fuel into a cylinder and that usually happens when the bike sits for a while and the petcock is messed up or left in the "prime" position.
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