A wet mount lens is installed on the outside of a camera housing port. It may attach via a proprietary bayonet system or simply thread into the port. Most ports are threaded for 67mm but there are other sizes.
Here is a wet lens, an Inon 165AD-FE fisheye ultra wide angle lens being mounted to the outside of an Ikelite port:
Wet mount lenses come in wide angle, ultra wide angle, macro etc. Not all cameras and housings can utilize them effectively, if at all.
This picture, I believe, was taken using an slr with wide angle lens behind a dome port (courtesy of the www):
This picture was taken using a Canon 570 with Inon fisheye wet lens:
Inon wet mout AD series lenses, a macro, a wide angle and a fisheye ultrawide angle:
Currently most wet mount lenses are utilized with "P&S" digital cameras but they can be used with video cameras as well. In the past there have been versions for the Nikonos series of cameras and even some for SLRs I think. Back when I had a Nikonos III, I had a slip on 20mm S&S lens, loved it and got great shots with it.
The photo above at Mammoth Spring was taken with this camera housing and lens:
Cameras that have been shown to work well with the wet lenses, Oly5050, Canon 570 and currently the Canon S90 in the FIX housing has good potential, of course there are others.
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