No, it doesn't. Again, it actually says "Water Skean" there, if I remember properly, despite how:
A. There is no "Water SKean" in the game (its called Water Edge)
B. You get an Inviz Edge there.
Other things exist like how I think you get a Soft instead of a Remedy. Or even odder, you get 213 GP instead of 2000. The Dialog boxes have nothing to do with it, just Square programmed it weirdly, and screwed up consistently in that manner (with Woolsey translating according to the Dialog boxes). Considering how relatively obscure these items are, and how meaningless they are in the long run, I just don't think its worth bothering.