The 737's rear exit doors cannot be used to evacuate the aircraft in the event of a water landing, as shown, for example, in this safety card:
(Image from flight-report, via Jordy here at AvSE.)
In contrast, the rear doors on (for instance) the A320 series can be used for a water evacuation:
(Image by Czechnology here at AvSE.)
Why can't the 737's rear doors be used during a water landing?