The Two Waters (Spanish: A dos aguas) is a 1988 Argentine drama film directed by Carlos Olguin-Trelawny, his opera prima, and written Martha Gavensky starring Miguel Ángel Solá and Bárbara Mújica.

In Buenos Aires on Christmas Eve 1983, Rey (Miguel Ángel Solá) and Isabel (Bárbara Mujica), two old college friends, unexpectedly cross paths at a restaurant.

This serendipitous reunion with Isabel transports Rey back to their college days, where he harbored a secret love for her.

The Entire Life explores the lasting impact of living under a brutal dictatorship and the desperate yearning of individuals to reclaim lost time.

Director Carlos Olguin-Trelawny won a Special Mention at the 40th Locarno International Film Festival of 1987.