Well the guys over at Strobists have come up with the goodies again. This is a great guide for people wanting to get those beautiful shots of water drops crowning and other cool effects.
How to Photograph Water Drops with One Speedlight
Ever notice those cool water photos that drop into the Strobist Flickr Pool?
Water droplet photography is very easy to get started with, and you can get as complex as you want. There are three tricks to making beautiful, time-scultped water pictures with a single small flash: Light placement, timing and flash duration.
via Strobist: How to Photograph Water Drops with One Speedlight.