There is a view in the scientific community that a luminiferous ether is not likely to be an ideal inviscid fluid, since the only known mode of wave propagation for such a fluid, the dilatation waves, cannot have the transverse properties exhibited by light. This view is apt to be changed by the findings in this paper, which show that a well-known ideal inviscid fluid can transmit rays with transverse properties. In this paper a ray is defined as a wave propagation phenomenon in a homogeneous and isotropic medium, where a given disturbance propagates without dispersion or change in characteristics along an axis and where all activities associated with the waves diminish rapidly to zero as one moves away from the axis. A characteristic feature of the rays found is a moving helical path on which the fluid velocity is singular and about which the irrotational fluid motion has a constant circulation. The fluid velocity diminishes as one moves away from this path and the velocity has longitudinal and transverse components. The speed of propagation of the rays is equal to that of dilatational waves. Two «companion» rays are found. In one ray the fluid circulation with respect to the direction of propagation and the helical path are both right handed. In the other, both are left handed. The solution for each ray is valid only when the ray is isolated, and the mathematical analysis in this paper deals only with the proof and the description of the two isolated rays. A brief discussion is given about the possible correspondence between the rays and actual physical phenomena. It appears that the infinitely long isolated ray described in this paper cannot correspond with an actual physical phenomenon, since both the angular and the linear momentum per unit length are infinite. It is possible that, when both companion rays are present and when each ray is of finite lenght, then such a solution may correspond to an actual physical phenomenon. However, such solutions involve ray interaction and end conditions that are likely impossible to deal with by exact mathematical means, and they are not dealt with in this paper.