Studies conducted on the various geometric properties of skeletons of water bodies have shown highly promising results. However, these studies were made under the assumption that water bodies were static objects and that they remained constant over time. Water bodies are actually dynamic objects; they go through significant spatio-temporal changes due to drought and flood. In this study, the characterization of skeletons of simulated drought and flood of water bodies was performed. It was observed that as the drought level increased from 1 to 9, the average length of the skeletons decreased due to reduction in the size of the water bodies and increase in the number of water bodies. As the drought level increased from 9 to 15, the average length of the skeletons increased further due to vanishing of small water bodies. Flood caused an increase in the average length of the skeletons due to merging of adjacent water bodies. Power law relationships were observed between the average length of the skeletons of the simulated drought/flood and the level of drought/flood. The scaling exponent of these power laws which was named as a fractal dimension, indicated the rate of change of the average length of the skeletons of simulated drought/flood of water bodies over varying levels of drought/flood. However, errors observed in the goodness of fit of the plots indicated that monofractals were not sufficient to characterise the skeletons of simulated drought and flood of water bodies. Multifractals and lacunarity analysis were required for more accurate characterisation.