B

Step 1: Understand the scenario where two holes are made symmetrically in a cylindrical bucket filled with water, and these holes are closed with corks.
Step 2: When the corks are removed, water will flow out of the holes due to gravity acting on the water. However, if the bucket falls freely, it is in a state of free fall, meaning that both the bucket and the water inside experience the same gravitational acceleration.
Step 3: In this state of free fall, there is no effective weight on the water due to gravity, leading to a condition known as 'weightlessness' for the water within the bucket.
Step 4: Consequently, when the corks are removed while the bucket is falling, the water will not stream out of the holes since there is no pressure differential to drive the water out (the pressure inside the bucket is effectively equal to the pressure outside at the holes).
Conclusion: Therefore, if the bucket falls freely, the water will not flow out of the holes. Hence, the answer is Option B: The water will not stream out of the holes.