  We consider the field theory that defines a perfect incompressible 2D fluid.
One distinctive property of this system is that the quadratic action for
fluctuations around the ground state features neither mass nor gradient term.
Quantum mechanically this poses a technical puzzle, as it implies the Hilbert
space of fluctuations is not a Fock space and perturbation theory is useless.
As we show, the proper treatment must instead use that the configuration space
is the area preserving Lie group $S\mathrm{Diff}$. Quantum mechanics on Lie
groups is basically a group theory problem, but a harder one in our case, since
$S\mathrm{Diff}$ is infinite dimensional. Focusing on a fluid on the 2-torus
$T^2$, we could however exploit the well known result $S\mathrm{Diff}(T^2)\sim
SU(N)$ for $N\to \infty$, reducing for finite $N$ to a tractable case. $SU(N)$
offers a UV-regulation, but physical quantities can be robustly defined in the
continuum limit $N\to\infty$. The main result of our study is the existence of
ungapped localized excitations, the vortons, satisfying a dispersion $\omega
\propto k^2$ and carrying a vorticity dipole. The vortons are also
characterized by very distinctive derivative interactions whose structure is
fixed by symmetry. Departing from the original incompressible fluid, we
constructed a class of field theories where the vortons appear, right from the
start, as the quanta of either bosonic or fermionic local fields.
