I'm gonna have to call BS on this, it's based off of a book written in 1993. If you expect me to believe we had the capability to quantify the amount of water in the entire ocean (we don't even have a completely detailed map of the ocean floor, let alone what lies in subterranean lakes and this is 2012) you've lost your mind.
Are you aware that it is impossible for us to even decide on how long a country's coastline is? Do you know why that is? Because each measurement is off by thousands of miles depending on how detailed in you go. The reason behind this (and how it relates to water) is in the detail. If you were to take a general outline that is technically considered "correct" by topographical standards you might get one measurement, while ignoring smaller tributaries and offshoots of water into the shore.
Take a look at this picture:
all three of those are correct measurements of that coastline, and as you start cutting out those tiny details on each coast you would lose millions of gallons of water (just on America's coastline alone). Now extrapolate that. That's a coastline we can see, imagine how much detail is cut off from three dimensional topography of what we theorize the map of the ocean floor looks like, or the bottom of a lake. How much detail gets cut off there? I'd gather more than we can even fathom. Just some food for thought.
EDIT:
to further prove my point here are three separate "correct" measurements for the US coastline:
CIA: 19,924 km
NOAA: 12,479 miles
NOAA: 95,471 miles
if you noticed that two of those are the same agency, congratulations, you've just further proved my point. The
same agency recorded the shore line as two seperate quantities. And before you say it's because technology advanced, that longer measurement was done by hand in the late 1930s, the shorter was done in 1975.