The acoustic cavitation threshold of an aqueous solution has been measured at megahertz frequencies as a function of pulse width and pulse repetition frequency for various combinations of these quantities. The fluid tested was a 0.1M KOH-H3BO3 buffer solution with pH 10.9, which contained luminol, was saturated with argon, and filtered to 25 mu. The presence of cavitation was detected by a photomultiplier tube that required the emission of visible light that was both larger in magnitude and longer in duration than a preset criterion. It was observed that the cavitation threshold of water under pulse conditions decreases both when the pulse width is fixed and the pulse repetition frequency is increased, and when the pulse repetition frequency is fixed and the pulse width is increased. Acoustic cavitation thresholds measured in aqueous solutions are significantly less than those acoustic pressures associated with instruments that are currently in widespread use in medicine.