This question is about Shakespeare's "The Tempest".
Answer:
He believes it is worse to lose wine than to be ashamed of being soaked in a stinking lake.
Step-by-step explanation:
Stephano believes that losing the wine bottles is the worst thing that could happen because these bottles represent his honor, and therefore, losing the vine bottles means losing the honor. This shows that Stephano is a man with futility who imposes his honor on fallible and easily lost objects, when he should base his honor on his actions and behavior, like a real honorable man.