Bottled For Watergate Wine and Beverage The break-in at the Watergate Hotel didn't occur until June 17, 1972. "Watergate" wasn't a household word (like "Lewinsky") until the investigation got cranked up later that fall. If this product was bottled in 1969, the name must be a coincidence.
The town of Meadowlawn, in Jefferson County, Kentucky, (aka Meadow Lawn) is no more. Its name today is Valley Village. It is about 15 miles south of Louisville on the Ohio River. The name originated as the estate of Dr. Thomas Greenley, a renowned 19th century Kentucky physician. Meadow Springs in Meadowlawn/Valley Village should not be confused with the Meadowlawn Distillery which wasn't in Meadowlawn but in Anchorage, east of Louisville, where it was also known as the Grosscurth Distillery.
I don't know for sure, but Meadow Springs probably was a dba of the Old Boone Distillery (formerly known as the John P. Dant Distillery), which was in Meadowlawn. That distillery closed in 1977.