MAC Freshwater is a very cool-toned, medium blue with a frost finish. It is a discontinued eyeshadow that retails for $17.00 and contains 0.05 oz.
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Freshwater is described as a "mid-tone sparkling blue with blue pearl [with a Veluxe Pearl finish]." It's a medium blue with a pearly sheen. It had good color payoff, and the texture was soft, though thinner/not as dense as my permanent pan of Freshwater. This shade is available individually as a permanent product. Disney Royal is more matte. CoverGirl Sapphire Flare is similar, slightly sparkly. Sugarpill Afterparty is brighter. NYX Kiss in Casablanca is darker. See comparison swatches.
FURTHER READING: Formula Overview, which is a detailed review of the range as a whole.
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M·A·C Eyeshadow is a highly pigmented powder formula that applies evenly and blends well. Suitable for use either wet or dry, it's available in a wide variety of textures and finishes.