A shiny new faucet is an omen of unexpected satisfaction, while an old or rusty faucet can indicate feelings of sadness and depression.
To dream about a dripping faucet - especially if you can’t turn it off - is a warning to resist the efforts of someone who is trying to make you share a secret. Keep your lips sealed, or the consequences will be worse than you could imagine. [2]
If the faucet is leaky, then your power source going down the drain.
If the faucet is broken, then you are in need of repair in the abundance area of your life. Dreams of a faucet can also represent mastery over your emotions, as in your ability to turn them on and off.
Control of flow, including stopping, starting, or regulating when and how fast something is allowed to proceed.
The idea of abundance or an endless supply.
The idea of convenience or ready availability of something.
See also: Valve, Flow or River, Water, Controlling, Gatekeeper, Sink, Drain, Passageway [5]
2. Sexual difficulties (leaky faucet).
3. Emotional control, need for caution (beer on tap). [9]