I can still use the water hose even though the visual bug is there! So it's not /breaking/ anything.

-It happened on the farm while using the drone to move an already built water hose from one location to another.
-I used LMB to place the item, I didn't have any other buttons pressed at the time.
-It happened only after I placed the water hose down.
--Other things to note. The drone was nearing its max distance it can travel when the bug occurred. And, anywhere I place the item now, the hose will elongate.

Step 1. Go into builder drone mode.
Step 2. Pick up the water hose. (already has to be built)
Step 3. Move the water hose until the screen starts fuzzing from the drones range (not max, at about 20% signal).
Step 4. Place the hose.
Behold, long hose.

https://i.imgur.com/YiZnsMr.jpeg
https://i.imgur.com/f6ZQlNw.jpeg
https://i.imgur.com/aOsL7kg.jpeg
https://i.imgur.com/gAWtktk.jpeg
https://i.imgur.com/zYTtFIK.jpeg

It fixes itself after you sleep!