The lubrication mechanisms of water-based fluids are not yet well understood, especially when extreme load conditions are applied. The example of lamellar crystallite particles in water, provided by an emulsion-like technology, is described in this paper. It is shown, for the first time, that the presence of such nanostructures in the sliding interface can provide extreme-pressure lubrication. This water-based lubricant is particularly efficient when one of the two solid surfaces is made of brass. In this case, a multilayer is created in the contact. It is formed by a brass layer transferred to the counter face, the brass surface itself and a lamellar film adherent to the former layers. This lamellar system is able to sustain pressures up to a few GPa and to maintain a low friction coefficient.