Stationary, highly localized (oscillon) structures are observed in a Newton
ian fluid when nonlinear surface waves are parametrically excited with two
frequencies. Oscillons have a characteristic structure, that of periodicall
y self-focusing jets. In contrast to previously observed oscillons in highl
y nonNewtonian media, these states are temporally harmonic with the forcing
. For wave amplitudes greater than a critical value, they nucleate from an
initial pattern via a hysteretic bifurcation, and can therefore be localize
d on a background of patterns with a variety of different spatial symmetrie
s.