It is a type of juice that is light green. Patrick is seen drinking it in a light blue cup with a white bendy straw.
Role in episode
When Patrick's head is set on fire from mass confusion, Plankton urges him to use the kelp juice that he is drinking to put it out. Patrick just ignores this warning and offers him a sip of the drink. Fed up with his stupidity, Plankton snatches the cup out of Patrick's hand and throws its contents over Patrick's head to put out the fire.