I've been living in Venice each and every summer for the last 16 years, and I've NEVER encountered the (in)famous so-called "stinky" canals of Venice. As far as I'm concerned, Venice smells no better or no worse than any other coastal city during the summer.
Nevertheless, I was not particularly broken up about the fact that I couldn't take that fragrance home with me. I couldn't, that is, UNTIL NOW!
That's right... there's now (drumroll please!) "Remembering Venice: The Fragrance"! Yes, you too can now enjoy the bottled smells of Venice long after you've left the lagoon city, all for a mere $113!!