Clifford Johnson pointed to me his post on the quest for perfect quantum fluids. In a certain sense, we are used to thinking about fluids as low energy phenomena (relatively low temperature physics). Famous fluids are characterized by fun properties like superfluidity, or ferrofluids that can be a lot fund to play with in an exhibition. The most perfect fluids will be those with little to no viscosity 
The recent experiment of RHIC that has claimed detection of the quark-gluon plasma also produces some type of liquid with very low viscosity. To compare how this hot liquid compares with a cool liquid one also needs to measure the entropy density 
Whoever gets the smallest value wins. These are difficult quantities to measure, but they can sometimes be estimated from other known data. From the point of view of theory, this figure of merit is the one that allows comparison of various theories with different numbers of microscopic degrees of freedom, and it is suggested by various gravity dualities (this way of comparing fluids came from the work of Kovtun, Policastro, Son, Starinets around 2001-2003, in various papers that have made a big splash in physics).
There is an issue of Physics Today that is dedicated to the topic of perfect fluids from various points of view. The readers of this blog might want to wander there and look at the expository articles on the subject. Room will be left open for discussion and questions, although I don’t promise that I will be able to answer them.
“A big splash in physics.” i c wat u did thar