Are you talking about liquid that comes out suddenly when you orgasm or liquid that appears gradually as you get aroused?
I think there's a difference between what people mean when they say 'ejaculate' and the vaginal fluids it sounds like you're describing. Vaginal fluid during arousal can be clear and slippery, maybe sticky, or slightly milky too. It not going to be the same for everyone but it is a response to increased blood flow to your genitals and can act like a natural lube. A bit like how your mouth waters when we eat!
When people talk about folks with vaginas 'ejaculating' when they orgasm (or independent from orgasm) that can often contain pee because it seems to come from the urethra, it probably comes from glands in that area... but from what I can tell the research isn't completely clear... (even if the liquid can be clear).
This could be a good read for you Squirt: On Ejaculation
. We explore a bunch of these issues there!
"In between two tall mountains there's a place they call lonesome.
Don't see why they call it lonesome.
I'm never lonesome when I go there." Connie Converse - Talkin' Like You