The teenager stabbed to death yards from his home was killed over a row during a water fight.
Frederick Moody, 18, became the 21st teenager to die in London this year when he was ambushed by a gang of up to eight hoodies.
Witnesses heard the killers shout "leave him for dead" before fleeing on bikes in Stockwell, South London.
Frederick, known as Freddy, staggered a few hundred years before collapsing from his stomach wounds at 7pm on Thursday night.
Neighbour Sharon Smith, 23, ran into the road after hearing shouts and cradled the dying teen in her arms as another neighbour soaked up the blood with towels. Sharon said: "His eyes were rolling back in his head and he was murmuring. A doctor from a local surgery started CPR then ambulances arrived and tried to resuscitate him but it didn't work." Freddy was taken to St Thomas Hospital but died at 8.15pm.
One boy said a row erupted with a gang at the Summer Splash water fight in Holland Park, West London.
The aspiring rapper lived near Stockwell tube station on a leafy street where houses cost £1million. Edward Garnier, Tory shadow justice minister, lives around the corner.
Freddy's stepbrother Elliott Amoakoh, 24, said: "He was never in trouble or associated with violence. I can't understand it."
A 16-year-old was arrested yesterday morning in Brixton.
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