In a large mixing bowl, mix together the water, yeast, flour, and salt until combined.
Lightly coat the dough with olive oil, cover the bowl tightly with plastic wrap, and allow it to rise at room temperature for 30–60 minutes, or until slightly puffy.
For best flavor and texture, refrigerate the covered dough overnight. Remove from the refrigerator 30 minutes before shaping.
Preheat the oven to 450°F.
Generously oil a baking sheet. Using your hands, stretch the dough to fit the pan by pressing the dough outwards from the center.
Bake the crust for 8 minutes, or until it starts to get golden brown on the bottom.
Remove from the oven, add sauce, cheese, and toppings.
Return to the oven and bake for an additional 12–15 minutes, or until the crust is golden and toppings (like pepperoni) are crisp.
Slice and serve warm.