This is similar to the saying about Pāʻieʻie in Hilo:
Luhe i ka wai o Pāʻieʻie. “Drooped over the pool of Pāʻieʻie.”
I seems Hilo was the place for that wai hooluhe.
[By the way, if you already did not know, ʻŌlelo Noʻeau is back in print! See the Bishop Museum Press website to order your copy!]