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Pissgate (a.k.a. Watersportsgate) refers to claims that Donald Trump hired prostitutes to "perform a Golden Showers urination show" on a bed in the Moscow Ritz Carlton Hotel where Barack and Michelle Obama once slept during an official trip to Russia. The claims arise from a 35-page intelligence dossier produced by ex-British Intelligence officer Christopher Steele alleging that Russia was actively engaged in collecting compromising information on Trump during his numerous trips to Russia, and that Russia was "regularly exchanging information with Trump's campaign team through indirect channels".
Only one paragraph of the entire 35-page Steele dossier mentions the alleged "Golden Showers" incident for which Pissgate was named. The bulk of it, compiled by a respected former British MI6 agent named Christopher Steele, describes ties between Trump, his advisors, and Russia, along with various Russian efforts to exploit these. Steele was contracted to build a file on Trump’s ties to Russia as part of an opposition research effort undertaken for a bipartisan group of anti-Trump Republicans and Democrats.
The dossier alleges that Russia has long been gathering blackmailable material (a.k.a. kompromat) on Trump that could be used to later manipulate him, such as recordings of his "sexual perversions". It also contains allegations that the Kremlin and the Trump campaign colluded to hack DNC emails in order to damage Hillary Clinton's chances for winning the 2016 election, supposedly motivated by Vladimir Putin's "fear and hatred" of Clinton.
For those who can get past the "Golden Showers" paragraph, the dossier contains a treasure trove of disturbing allegations. Such as:
- With Putin's approval, Russia has been cultivating Trump for at least 5 years, offering him lucrative business and investment deals.
- Trump's campaign team planted "moles" inside the DNC and sponsored hackers in the US in a joint effort with Russian intelligence services to gain embarrassing emails that would sway public opinion against Hillary Clinton.
- Russia has made massive investments in cyber crime efforts that target Western businesses.
- The Kremlin recorded Hillary Clinton's phone calls during visits to Russia, seeking evidence of her privately contradicting public positions.
- The Trump team welcomed media reports of Russian interference in the US election because they helped deflect attention away from Trump's questionable business dealings in China which included numerous bribes and kickbacks.
- High level Russian officials often secretly met with Trump insiders Paul Manafort and Carter Page.
- Russian oil company Rosneft offered Trump and associates a 19% stake in the company in return for lifting US sanctions.
In January 2017, CNN reported that both Trump and Obama had been given a classified debriefing containing a summary of the intelligence dossier's unverified allegations regarding Trump's involvement with the Russian government. Supposedly, the dossier itself had been privately circulating among Washington politicians and reporters for months. Perhaps emboldened by CNN's reference to it, BuzzFeed News decided to post the full-length version of the dossier on its website, which revealed the salacious "Golden Showers" detail to the public for the first time.
Instantly, the idea of Trump watching prostitutes pee on a bed was all anybody could talk (or think) about.
Predictably, an /r/PissGate subreddit was launched on Reddit, and hashtags #PissGate and #PEEOTUS trended on Twitter. Eager to promote an edgelordy image to the public, the denizens of 4chan began claiming credit for "breaking" the Pissgate story and started posting a bunch of obviously improvised "facts". Considering their involvement in a previous troll circlejerk, it's safe to assume anything 4chan has to say about anything is bullshit.
Trump boosters such as the Washington Examiner were quick to slap BuzzFeed as fake news, a message soon picked up by the Tweeter-in-Chief, who complained of “FAKE NEWS - A TOTAL POLITICAL WITCH HUNT!” Most of the mainstream press merrily raked BuzzFeed over the coals for publishing inflammatory allegations without a shred of evidence to back them up, despite BuzzFeed's disclaimer that the dossier was “not just unconfirmed: It includes some clear errors".
Russian tech billionaire Aleksej Gubarev, accused in the Steele dossier of hacking on behalf of the FSB/KGB, sued Steele and Buzzfeed, ostensibly for public defamation. Steele responded, saying that information about Mr. Gubarev was never meant to be publicized, and came from 'unsolicited intelligence' and 'raw intelligence' that 'needed to be analyzed and further investigated/verified'".
Vladimir Putin called the dossier "fake" and told reporters that it was difficult for him to imagine that Trump, a man so experienced with beautiful women, ran to a hotel to meet with Russian prostitutes, "even though they are undoubtedly the best in the world". Putin argues the situation is a reflection of the degrading quality of the American political realm, which is fairly accurate, regardless of Pissgate being real or not.
Stephen Colbert traveled to Moscow to film an episode in the hotel room and to conduct "man in the street" interviews to see if Russians were aware of the rumors.
Most major networks will not allow anyone to repeat the bed pissing allegation, because it has not been verified. However, Sean Hannity has repeatedly reminded his audience of the substance of the allegations, so other late night comedy shows just replay Hannity stating it.
The topic of Trump, prostitutes, and urine never really seems to go away, thanks in part to the president himself. Former FBI Director James Comey published a book in April of 2018 in which he recounted private conversations with Trump, who he described as being "obsessed" with the alleged pee tape. “There’s no way I would let people pee on each other around me,” Trump supposedly told Comey, who appeared less than convinced:
“”The president-elect argued that it could not be true because he had not stayed overnight in Moscow but had only used the hotel room to change his clothes. And after Trump explained that he would never allow people to urinate near him, Comey recalls laughing. “I decided not to tell him that the activity alleged did not seem to require either an overnight stay or even being in proximity to the participants,” Comey writes. “In fact, though I didn’t know for sure, I imagined the presidential suite of the Ritz-Carlton in Moscow was large enough for a germaphobe to be at a safe distance from the activity.” — Washington Post 
While the bed pissing episode remains completely unverified, Trump does appear to rather enjoy being spanked by porn stars.
In February 2017, multiple current and former US law enforcement and intelligence officials confirmed that some of the conversations between individuals described in the dossier did actually take place on dates and times detailed in the dossier, and "people who discounted it initially have begun to take it more seriously".
A number of claims contained in the dossier — e.g. that Russia agreed to hack DNC emails and funnel them to Wikileaks in exchange for a pro-Russia posture by Trump — have been increasingly corroborated, and numerous other examples of ties between the Trump staff and the Russian government appear to support the dossier's conclusion that Trump is figuratively in Russia's pocket.
In May of 2017, Deputy Attorney General Rod Rosenstein appointed former FBI director Robert Mueller as special counsel to investigate possible collusion between the Trump campaign and Russia. Indictments and plea deals in Mueller’s probe include George Papadopoulos, Michael Flynn, Paul Manafort, Rick Gates, Michael Cohen, 13 Russian nationals and 3 Russian companies, Richard Pinedo, Alex van der Zwaan, Konstantin Kilimnik, and 12 Russian GRU officers.
In July 2017, a series of emails were released that documented Donald Trump Jr's. contact with a Russian attorney in hopes of receiving derogatory information on Hillary Clinton that he understood was "part of Russia and its government’s support for Mr. Trump". The emails indicated that the Trump campaign was willing and eager to receive assistance from the Russian government, giving some credibility to allegations contained in the Steele dossier that Putin’s regime was actively funneling derogatory Clinton material to Trump's inner circle. 
Conspiracy theorists have seized upon information first reported by the Washington Post, that the dossier was originally funded by Trump's GOP opponents and then, when he won the nomination, by...gasp...Democrats! 
The Hillary Clinton campaign and the Democratic National Committee helped fund research that resulted in a now-famous dossier containing allegations about President Trump’s connections to Russia and possible coordination between his campaign and the Kremlin, people familiar with the matter said.
Conspiracy theorists believe that Democratic funding of the dossier is proof that the DNC and the Clinton campaign colluded with Russia. Their argument is that Steele's dossier was based on Kremlin sources. Since Steele had to interact with Russian sources in order to produce the dossier, this is "proof" of collusion with Russia. Democrats funding the dossier makes them guilty of collusion by association.
There is one major flaw in this conspiracy theory. In order to believe it, you'd have to believe that that Russia had an interest in electing Hillary Clinton as president over Donald Trump. After all, if Steele was getting his dirt from the Kremlin, it would imply that the Kremlin dislikes Trump, and that they didn't want him to be president. This is, of course, a highly dubious assumption. If the Russians wanted to elect Hillary, they would have trumpeted the dossier's claims in an attempt to smear Trump and help elect Clinton -- not vigorously deny the charges and call them a smear on Trump. In fact, the Russians engaged in activities that indicated that they preferred Trump over Clinton. Johnathan Chait writes that the Russians wouldn't have publicized the DNC email leaks if they wanted to help elect Clinton over Trump. Politico reports that the release of Podesta emails complicates Trump's narrative that there was Democratic collusion.  The Russians spent the 2016 election attempting to influence the election in favor of Trump, not Clinton. Since belief in Democratic collusion in Russia necessarily requires the demonstrably false belief that Russia wanted a Democratic president, the conspiracy theory is easily dismissed.
- Pizzagate — another supposed scandal involving politicians and weird sex and unimaginative naming.
- Urine therapy — an alternative medicine treatment
- Trump-Russia connection
- Company Intelligence Report 2016/080. US Presidential Election: Republican Candidate Donald Trump's Activities in Russia and Compromising Relationship with The Kremlin
- How a Sensational, Unverified Dossier Became a Crisis for Donald Trump New York Times
- These reports allege Trump has deep ties to Russia BuzzFeed
- Pissgate Golden Showers Controversy Know Your Meme
- 4Chan idiots claim they invented the Trump piss report Gizmodo
- Donald Trump spars with BuzzFeed and CNN Snopes
- PissGate Fake News But Also Fake Outrage Washington Examiner
- The Trouble With Publishing the Trump Dossier The Atlantic
- Spy behind Trump dossier says info was never meant for public eyes CNN.com
- Putin Says Accusations in Trump Dossier Are ‘Clearly Fake’ New York Times
- Trump was obsessed with the “pee tape,” and more Vox, Apr 12, 2018
- Philip Rucker James Comey’s memoir: Trump fixates on proving lewd dossier allegations false Washington Post, April 12, 2018
- The Stormy Daniels magazine spanking story has a new twist TheDailyDot
- US investigators corroborate some aspects of the Russia dossier CNN
- Russian dossier on Trump gaining credibility with law enforcement CBS News
- The Contacts Between Trump Associates and Russia: A Timeline
- US media reports corroborate some of Christopher Steele allegations
- Donald Trump Jr.’s Emails Sound Like the Steele Dossier Mother Jones
- Democrats, Russians and the FBI Wall Street Journal
- The Republicans Have Developed a Theory of Alt-Collusion to Defend Trump From Mueller New York Magazine
- Trump team’s response to Russia news: Focus on Clinton, leaks or anything else Politico