This paper proposes a novel method for acoustically and wirelessly transmitting data underwater with a high transmission rate. The method uses the most promising physical layer and multiple access technique (i.e., the code division multiple channel access technique) to divide the channel into subchannels. Data is transmitted through these subchannels. The codes are PN (pseudo random) sequences. In the spread-spectrum technique, a signal such as electrical, electromagnetic, acoustic signal generated in a particular bandwidth is deliberately spread in the frequency domain, which results in a signal with a wider bandwidth. This paper reviews the possibility of application of the DS-CDMA (direct sequence-code division multiple access) technique in an underwater system using MATLAB. As the result of our review, we recognize that the DS-CDMA technique can be applied to underwater environments.