It's 1/8 NPT {pipe thread}
IMVHO ---do not plug it!
Just run a longer hose. All you will need is a barb fitting and some carb/vacum vent hose from either the big box stores or local parts house.
The hose can be 6 foot long if you are that worried about water getting in!
But if you are running that deep, you will also need to snorkle the t/case and tranny vents, and front diff as well!
Plugging off will only trap the heat and eventually lead to seal failures!