Step 1: Map the symptoms. Marked itching plus a runny, watery discharge in a sexually active young woman is the textbook presentation of a Trichomonas vaginalis infection (a sexually transmitted protozoal vaginitis).
Step 2: Use the diagnostic test cited. Microscopy of a saline wet smear reveals actively swimming, flagellated, ovoid trichomonads. Their characteristic darting movement confirms the diagnosis at the bedside.
Step 3: Eliminate the rest. Yeast (Candida) produces cheesy white plaques with hyphae on KOH; Gardnerella causes an odorous gray discharge with clue cells and little itching; HIV produces no specific finding on a vaginal smear and is diagnosed serologically, so none of these fits a pruritic watery smear-positive picture.
Step 4: Hence the answer is Trichomonas vaginalis.
\[\boxed{\text{Trichomonas vaginalis}}\]