My daughter needed a photo table for her photo classes, so I got out my trusty tools and built this:
Basically it's a 2-foot square plywood box, with a glass cover. A strobe light is positioned inside, triggered by an infrared remote.
Different backgrounds are positioned behind the box, and images like this can be achieved.
One of her assignments........
In this case, the interior strobe was disabled, and two external strobes were employed.
This shot uses the intenal strobe, to actually light the bottle from the inside:
To create a shadowless image, we use a light tent, like this:
The strobes or light box illuminates through the side walls..........
Here's yet another device for those interested in creative photography..........
I designed it to enable me to photograph water splashes, like this:
If you're talking about water splash images, then no........the quicker the shutter speed, the better. Inside, using the strobes, the fastest shutter speed you can use is 1/320. Outdoors, minus the strobes, you can by increasing the ISO, get the shutter speed up to 1/1200 or greater. It can be quite frustrating, either too early or too late............here is one that was just right......
The drop has hit the water surface, but is still intact........I called it "Death of a Star"........
As far as slow shutter speeds goes........you can fiddle with it to get atmosphere.......
This image, done by my daughter used an extremely slow shutter speed, in an attempt to get a good visual of smoke from the cigar........to no avail. The money was the result of copying images from a website, the card packet was created by using images from the 1860's..........
I've been using a light tent(studio cube) for years.
Tried to get one locally at first , but nobody in any of the camera shops i called knew what one was.
Bought one on Ebay. 
