The New York Times Magazine JULY 24, 2015 article The Singular Mind of Terry Tao starts off with:

This April, as undergraduates strolled along the street outside his modest office on the campus of the University of California, Los Angeles, the mathematician Terence Tao mused about the possibility that water could spontaneously explode. A widely used set of equations describes the behavior of fluids like water, but there seems to be nothing in those equations, he told me, that prevents a wayward eddy from suddenly turning in on itself, tightening into an angry gyre, until the density of the energy at its core becomes infinite: a catastrophic ‘‘singularity.’’ Someone tossing a penny into the fountain by the faculty center or skipping a stone at the Santa Monica beach could apparently set off a chain reaction that would take out Southern California.

Is there any way to state the problem described in terms of undergraduate level physics and math? I don't mean why doesn't real water really explode necessarily, I mean what is the mathematical issue.

Is this related to the Navier–Stokes Existence and Smoothness Millennium Prize problem?

The New York Times Magazine JULY 24, 2015 article The Singular Mind of Terry Tao starts off with:

This April, as undergraduates strolled along the street outside his modest office on the campus of the University of California, Los Angeles, the mathematician Terence Tao mused about the possibility that water could spontaneously explode. A widely used set of equations describes the behavior of fluids like water, but there seems to be nothing in those equations, he told me, that prevents a wayward eddy from suddenly turning in on itself, tightening into an angry gyre, until the density of the energy at its core becomes infinite: a catastrophic ‘‘singularity.’’ Someone tossing a penny into the fountain by the faculty center or skipping a stone at the Santa Monica beach could apparently set off a chain reaction that would take out Southern California.

Is there any way to state the problem described in terms of undergraduate level physics and math? I don't mean why doesn't real water really explode necessarily, I mean what is the mathematical issue.

Is this related to the Navier–Stokes Existence and Smoothness Millennium Prize problem?

Edit: Based on the helpful comments, I went back and looked at the NYTimes Magazine article again and found this, which is illustative:

Imagine, he said, that someone awfully clever could construct a machine out of pure water. It would be built not of rods and gears but from a pattern of interacting currents. As he talked, Tao carved shapes in the air with his hands, like a magician. Now imagine, he went on, that this machine were able to make a smaller, faster copy of itself, which could then make another, and so on, until one ‘‘has infinite speed in a tiny space and blows up.’’ Tao was not proposing constructing such a machine — ‘‘I don’t know how!’’ he said, laughing. It was merely a thought experiment, of the sort that Einstein used to develop the theory of special relativity. But, Tao explained, if he can show mathematically that there is nothing, in principle, preventing such a fiendish contraption from operating, then it would mean that water can, in fact, explode.