Chase, there is a box on the inside of the hull that has a waxed rope. You can tighten a nut to compress or loosen it so that it keeps it from dripping. You don't want to make it too tight though. Newer boats now have a dripless seal that works differently. If you can't tighten it anymore without stopping/slowing the drip you may need to replace the wax rope/packing.
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