Red pegs - Lateral Water Hazard
Drop a ball outside the water hazard within two club-lengths of and not nearer the hole than (i) the point where the original ball last crossed the margin of the water hazard or (ii) a point on the opposite margin of the water hazard equidistant from the hole (Rule 26-1 c).
Ah, 'tis but a chip and a putt from there.
Has Jonesy been making you take it all the way back?