CREATE TABLE table_43500 ("Result" CLOB, "Race" CLOB, "Distance" CLOB, "Weight" FLOAT, "Winner or 2nd" CLOB, "Pos'n" CLOB)

What was the distance for the winner or 2nd Waterline?
SELECT "Distance" FROM table_43500 WHERE "Winner or 2nd" = 'waterline'
SELECT "Distance" FROM "table_43500" WHERE "Winner or 2nd" = 'waterline'