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It likely isn't waterlogged. Rubbing alcohol evaporates very quickly and there isn't much water in it. What's more likely is that the alcohol dissolved the finish and that's what you see.
A picture would help confirm that.
This is a reminder to those commenting on this post (not the person that posted it): Comments not related to woodworking will be removed. Violations to rule 1 including crude jokes, innuendo, sexist remarks, politics, or hate speech may result in an immediate ban *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/woodworking) if you have any questions or concerns.*
It likely isn't waterlogged. Rubbing alcohol evaporates very quickly and there isn't much water in it. What's more likely is that the alcohol dissolved the finish and that's what you see. A picture would help confirm that.