Absolutely! While "EEND" (Duck) is the most direct 5-letter solution, the cryptogram "Auto te water" (Car in the water) can also be interpreted in a more metaphorical way. Here's a possibility with a bit more explanation:
SINK - This word implies a car submerging in water, aligning with the general theme of the cryptogram. It also adds a layer of action and consequence, suggesting the car doesn't simply float but actually goes under.