The term "Water Buffalo" was US slang for the Suzuki 750 2stroke triple watercooler...circa 1974 I think, made for three years or so.
In England they tended to call it a "kettle".
In stock form, they were actually pretty mellow, esp. for a 2stroke that size. I knew a guy who adapted a set of Kawasaki H2 aftermarket chambered pipes to a water buffalo plus did some very basic jetting, and the dang thing turned into a screaming beast :). He said it was the most bolt-on horsepower he'd ever seen or heard of.
Which led to a problem: the stainless-steel front brake disks were utter crap, and he had no good way of slowing the evil beast down :).
Later, this same nut did the wildest bike engine swap I've ever heard of. He found a crashed RD500 Canadian-spec 2stroke 4 cylinder bike, pulled the engine, gave it the full treatment, dropped it into a FZR400 frame and running gear :). He didn't *quite* succeed in building something that could keep up with a GP500 factory racer but he claimed it was damned close. Dunno for sure, I wasn't crazy enough to swing a leg over it :) but I *did* see the critter.